MOSCOW, Sept 8 — Swedish truck maker Volvo AB’s Russian assets have been transferred to an undisclosed Russian investor, the Ministry of Industry and Trade said in a statement.
The ministry said that, together with the new owner, it had “also identified a domestic partner for the further development of production at the concern’s Kaluga site, and work continues to restart it as soon as possible”. It said Kim’s business partner in auto retail, Alexei Sannikov, would head the Kaluga factory, which has a capacity of about 15,000 trucks a year. Kim did not immediately respond to a request for comment.