Promised to end shipments of new cars; dealerships running and warranty obligations honored. The Volkswagen Group report also mentions the agreement reached in December 2022 on the sale of Porsche showrooms in Russia to an investor unrelated to the German corporation. Let us remind you that the Porsche brand is part of the Volkswagen concern. We are talking about LLC "Porsche Russland" and LLC "Porsche Center Moscow". According to the data, the transaction assumes the possibility of repurchase of assets, but not earlier than in five years, and the deadline for repurchase is ten years. At the moment, the deal is being evaluated by the Russian government. Porsche Board Member Allegedly Seeks Deal With Putin To Rebuild Russia’s Auto Industry. In the letter obtained by Der Spiegel, Siegfried Wolf proposed to Putin that the new Volga cars be based on Skoda models. Significantly reduced revenue in 2023 vs 2022.