Pause operations: company temporarily curtailing operations while keeping return options open

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Volkswagen Group, is a German multinational automotive manufacturer that designs, manufactures and distributes passenger and commercial vehicles, motorcycles, engines and turbomachinery.

Pause operations: company temporarily curtailing operations while keeping return options open

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Global 500, is an annual ranking of the top 500 corporations worldwide

Global 500

Top 100 largest companies in Russia by revenue

Top 100
Revenue in RF, mln.USD
6034
Staff
11014
Capital, mln.USD
2163
Glob.Revenue, mln.USD
264511
Assets, mln.USD
1579

The Kaluga factory produced 124,000 vehicles in 2020. The Nizhny Novgorod factory assembled 52,200 vechicles in 2020.

The Company Statement
September 19, 2022

Volkswagen AG has decided to stop the production of vehicles in Russia until further notice. Vehicle exports to Russia will also be stopped with immediate effect. Also, the Volkswagen company will announce the liquidation of the production site in Nizhny Novgorod and seeks buyer for its Russian plant in Kaluga.

July 27, 2022Volkswagen seeks purchaser for Russian auto-making plant -newspaper
July 06, 2022Volkswagen liquidates the plant in Nizhny Novgorod
March 03, 2022Volkswagen announced the cessation of car production in Russia
March 03, 2022Volkswagen stops production of vehicles in Russia and suspends export
April 04, 2021Volkswagen may resume production in Russia this summer
March 03, 2022Volkswagen stops production of vehicles in Russia and suspends export
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