Russia says it may take over Toyota plant in St Petersburg

March 17, 2023 7:40 am

[Source: Reuters Business]

Japanese carmaker Toyota’s St Petersburg plant may be transferred to the Russian state entity NAMI, Russian Industry and Trade Minister Denis Manturov said on Thursday, according to the state-run TASS news agency.

NAMI, Russia’s Central Automobile and Engine Research and Development Institute, has already snapped up plants from Renault and Nissan.

A Toyota spokesperson could not immediately be reached for comment outside regular business hours.

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