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03 Apr
14:04

Toyota’s plant in Russia becomes state property

Toyota’s Russian assets have passed into state ownership through their transfer to the Russian Ministry of Industry and Trade’s NAMI division, Kallanish notes. Options are being worked out for the speedy resumption of production, Russian analysts say. The details of the transaction were not disclosed. Since last December, Japanese carmaker Toyota’s plant in St. Petersburg, which previously suspended production, has been undergoing a “con…
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