Russia says it may take over Toyota plant in St Petersburg -TASS

[March 16, 2023]  MOSCOW (Reuters) -Japanese carmaker Toyota's St Petersburg plant may be transferred to the Russian state entity NAMI, Russian Industry and Trade Minister Denis Manturov said on Thursday, according to the state-run TASS news agency.  

A general view shows the Toyota Motor Corp automobile assembly plant in St. Petersburg, September 18, 2013. REUTERS/Alexander Demianchuk

"The transfer of Toyota's Russian asets to NAMI is being considered," Manturov was quoted as saying on the sidelines of a business congress.

NAMI, Russia's Central Automobile and Engine Research and Development Institute, has already snapped up plants from Renault and Nissan.

A Toyota spokesperson could not immediately be reached for comment outside regular business hours.

(Reporting by Reuters; additional reporting by Daniel Leussink in Tokyo; Writing by Alexander Marrow; Editing by Kevin Liffey)

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