HomeEconomyAutomaker Jaguar Land Rover...

Automaker Jaguar Land Rover is selling Russian assets

Photo: Ukrinform (pictured)

VSKD Motors LLC, registered in Moscow by the end of 2022, became the owner of 100% of the shares of the representative office.

The Russian representative office of the British automaker Jaguar Land Rover acquired by a group of local top managers of the Russian Federation. This is confirmed by data from the Unified State Register of Legal Entities of the Russian Federation, DW reports.

It was noted that the LLC became the owner of 100% of the shares of the representative office VSKD Motors, registered in Moscow by the end of 2022.

Jaguar Land Rover was founded in Moscow in 2008. At the beginning of 2022, against the backdrop of the Russian war in Ukraine, Jaguar Land Rover stopped deliveries to Russia, the company’s revenue fell from 7.5 billion to 1.5 billion rubles in 2023.

Net loss in 2022 Jaguar Land Rover exceeded 1 billion rubles, in 2023 – reached 560 million rubles.

Let us remind you that the French company Auchan decided to sell its branch in Russia due to its inability to continue operating under EU sanctions.

It was also reported that the British company Unilever completely left the Russian market.

New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

The DPRK was promised by the “unclear” Poddjakke of Russia in the war against Ukraine

Russian military criminal, secretary of the Russian Council Sergey Shayga, visited Phogyan, where he met with Kim Jong. He promised him that the DPRK would support Russia, in particular, in the war against Ukraine. The parties discussed a joint operation in the Kursk...

In Pryluky, RF Postal House -Topl in the leader of the leader

In Pryluky, a hostile drone hit the house of the head of the local fire department. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } His family was killed: his wife,...