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 TASS news agency.
“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.
(Reporting by Reuters; Writing by Alexander Marrow; Editing by Kevin Liffey)