Sollers to buy Mazda out of Russian joint venture

by SpeedLux
Sollers logo

Russian automaker Sollers is in talks with Mazda Motor the buy Mazda’s stake in their Russian joint venture, Sollers said on Monday.

Mazda said in March that exports of parts to the venture’s Vladivostok plant were going to end and production would be stopped after stocks run out.

The Nikkei newspaper reported the talks with Sollers.

Mazda sold 30,000 cars in Russia last year.

Sollers said it was in talks with Mazda over ending auto production in Vladivostok and buying out Mazda’s stake in the venture.

“At the same time, Sollers Auto has already developed a plan to relaunch the factory for production of other automobile brands and negotiations on this issue are currently being finalized,” Sollers said in a statement.

A Mazda spokesperson said the company was talking about ending vehicle production in Vladivostok.

Russia’s auto industry has been hit by Western sanctions imposed on Russia after the military conflict between Russia and Ukraine intensified on February 2022.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.


SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.


©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More