Volkswagen Group sells its shares in Volkswagen Group Rus

Volkswagen Group sells its shares in Volkswagen Group Rus

Wolfsburg/Moscow, May 19, 2023 – Volkswagen Group has completed the sale of its shares in Volkswagen Group Rus LLC including its local subsidiaries (Volkswagen Components and Services LLC, Scania Leasing LLC, Scania Finance LLC, Scania Insurance LLC) to Art-Finance LLC who is supported by the Russian Dealer Avilon. With the registration of the transaction, ownership […]

By Breyten Odendaal19 May 20234 min read

Wolfsburg/Moscow, May 19, 2023 – Volkswagen Group has completed the sale of its shares in Volkswagen Group Rus LLC including its local subsidiaries (Volkswagen Components and Services LLC, Scania Leasing LLC, Scania Finance LLC, Scania Insurance LLC) to Art-Finance LLC who is supported by the Russian Dealer Avilon. With the registration of the transaction, ownership of the shares in the authorized capital of Volkswagen Group Rus LLC and its subsidiaries is transferred from the sellers to the buyer.

The new owner will acquire all shares in the Russian subsidiaries. The deal has been approved by the Russian government authorities. The transaction includes the production facilities in Kaluga, the importer structure (distribution and after-sales business) and the warehousing and financial services activities with all its associated employees.

Comments

Sign in to comment.Sign in

No comments yet. Be the first to share your thoughts.

Plantkariegabuildsonemillionthcurrentpolomilestone
137
0
ArticleJune 2, 2026

Plant Kariega Builds One Millionth Current Polo Milestone

Volkswagen Group Africa has marked a defining chapter in its manufacturing legacy with the production of the one millionth current-generation Polo at its Kariega plant, a milestone that underscores both the model’s globa
Volkswagenandtubraunschweiglaunchaiprofessorship
Volkswagenandtubraunschweiglaunchaiprofessorship 1
Volkswagenandtubraunschweiglaunchaiprofessorship 2
1 / 3
243
0
ArticleMay 28, 2026

Volkswagen and TU Braunschweig Launch AI Professorship

In the quiet hum of German engineering tradition, somethin’ rather electric is takin’ shape, the kind of shift that don’t just tweak the gears of industry but rethinks the whole damn machine. The Volkswagen Group togeth
Vwgroupafricainvestsr500000inlocalngosinitiative
470
0
ArticleApril 13, 2026

VW Group Africa invests R500 000 in local NGOs initiative

Volkswagen Group Africa (VWGA) has reinforced its commitment to community upliftment, youth development and environmental sustainability with a R500 000 investment in four non-governmental organisations operating in and
Modern Safety Technology Helps Nearly Half of UK Van Drivers Avoid Accidents
419
2
ArticleFebruary 19, 2026

Modern Safety Technology Helps Nearly Half of UK Van Drivers Avoid Accidents

Milton Keynes, UK, 19 February 2026 – Advanced Driver Assistance Systems (ADAS) are proving to be more than just high-tech features in modern vans – they are a crucial safeguard for drivers on the UK’s roads. New research from Volkswagen Commercial Vehicles reveals that in 2025, 45% of UK van drivers avoided at least one […]

Andreas Mindt Takes the Helm of Volkswagen Group Design in Generational Transition
343
2
ArticleFebruary 18, 2026

Andreas Mindt Takes the Helm of Volkswagen Group Design in Generational Transition

Wolfsburg, February 18, 2026 – The Volkswagen Group has announced a major leadership change in its design organisation. Andreas Mindt, Head of Design at the Volkswagen brand, will assume responsibility for Group Design starting March 1, 2026, succeeding Michael Mauer, who is leaving the company on amicable terms as part of a generational transition. Volkswagen […]

Volkswagen Takes South African Prodigy Jonathan Mogotsi to Nürburgring 24-Hour
318
2
ArticleFebruary 5, 2026

Volkswagen Takes South African Prodigy Jonathan Mogotsi to Nürburgring 24-Hour

Johannesburg, 5 February 2026 – South African motorsport fans have a new reason to celebrate as Volkswagen Motorsport South Africa announces that 2024 SupaCup champion Jonathan Mogotsi will take his racing journey to the legendary Nürburgring 24-Hour in Germany. The Johannesburg-born driver will qualify through the NLS1 and NLS2 4-Hour races before stepping into the […]

Volkswagen UK Offers £1,000 Deposit Boost on Key Models
289
2
ArticleFebruary 2, 2026

Volkswagen UK Offers £1,000 Deposit Boost on Key Models

Volkswagen UK is giving customers a limited window to secure added value on some of its most popular models, with a new two-week finance offer delivering an additional £1,000 deposit contribution on selected vehicles throughout February. Running from Monday 2 February to Monday 16 February, the promotion applies to new Polo, Golf, Tiguan, ID.3, ID.4 […]

Volkswagen Claims Top Spot in UK True Fleet Sales for 2025
273
1
ArticleJanuary 27, 2026

Volkswagen Claims Top Spot in UK True Fleet Sales for 2025

Milton Keynes – Volkswagen has finished 2025 as the UK’s leading manufacturer in the true fleet sector, cementing its position at the forefront of corporate and business vehicle markets. According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), the brand delivered 64,127 true fleet vehicles last year, representing a market […]

Volkswagen Group Accelerates Growth and Electrification in 2025
287
2
ArticleJanuary 20, 2026

Volkswagen Group Accelerates Growth and Electrification in 2025

The Volkswagen Group closed 2025 with a message of measured confidence and strategic momentum. In a year shaped by volatile global markets, intensifying competition and shifting regulatory frameworks, the Group delivered close to nine million vehicles worldwide, underscoring the resilience of its multi-brand, multi-powertrain strategy. While total deliveries of 8.98 million units represented a marginal […]

A new chapter in everyday road safety
266
0
ArticleJanuary 16, 2026

A new chapter in everyday road safety

Driver assistance systems have quietly become one of the most influential safety innovations of the modern automotive era. They do not announce themselves with dramatic styling or headline horsepower figures, yet they shape thousands of micro-decisions every time a vehicle merges, brakes or navigates a crowded street. Now, Volkswagen Group is preparing to take the […]

VWGA Earns Top Employer Certification for 15th Consecutive Year
259
1
ArticleJanuary 16, 2026

VWGA Earns Top Employer Certification for 15th Consecutive Year

Kariega – Volkswagen Group Africa (VWGA) has once again affirmed its commitment to putting people first, earning the prestigious Top Employer certification for the 15th year in a row. The announcement, made on 15 January 2026 by the globally recognised Top Employers Institute, highlights VWGA’s sustained dedication to nurturing talent, fostering wellbeing, and creating an […]

A Day to Decide: Volkswagen Opens the Door to 24-Hour Tiguan Test Drives
315
0
ArticleJanuary 14, 2026

A Day to Decide: Volkswagen Opens the Door to 24-Hour Tiguan Test Drives

Choosing the right family SUV is rarely a five-minute decision. It is a balance of practicality and personality, comfort and confidence, logic and feeling. Volkswagen understands that this choice deserves more than a quick spin around the block, which is why it is offering prospective buyers something far more meaningful: time. From 17 January to […]