Russia’s Avilon dealership group is poised to buy Volkswagen Group’s Kaluga factory, Moscow-based business news site RBC reported on Wednesday, citing two unidentified sources.
RBC reported that one of the sources said the deal was already agreed, and would be finalized on March 3, which coincides with the automaker’s upcoming supervisory board meeting.
VW said it was considering various scenarios, including selling Volkswagen Group Russia’s assets to a third party, but that a decision had not yet been made.
Avilon did not immediately respond to requests for comment.
The factory, in which VW has invested more than $1.1 billion since its opening, employs 4,200 people and has capacity of 225,000 vehicles a year.
