The Japanese automobile concern Isuzu left the Russian market. According to the Kyodo publication, the concern transferred the business to the Russian company Sollers, with which it had a joint venture. The amount of the transaction is not disclosed.
The decision to leave Russia is due to the fact that, against the backdrop of the war and the sanctions imposed against Russia, the concern was unable to resume production in the country.
After the start of the Russian invasion, Isuzu suspended truck production at its plant in Ulyanovsk, and in September there was information that the company might leave the Russian market.
As Kommersant recalls, this is not the first Japanese company whose assets are bought by Sollers. Last year, Mazda transferred its stake in the Mazda Sollers Manufacturing Rus plant in Vladivostok to a Russian group for €1.