Might 6 (Reuters) – Russian carmaker GAZ (GAZA.MM) has filed a lawsuit value 15.6 billion roubles ($200.5 million) in opposition to Volkswagen (VOWG_p.DE), courtroom data present, including to 2 others filed earlier this yr.
The lawsuit, particulars of which haven’t been printed, was filed with the Nizhny Novgorod Regional Arbitration Courtroom on Friday.
GAZ didn’t instantly reply to Reuters’ request for remark. Volkswagen declined to remark.
Earlier this yr, GAZ filed two lawsuits in opposition to the German carmaker in search of a complete of round $545 million in losses and damages, saying VW’s strikes to exit the Russian market had put its pursuits in danger.
It initially persuaded a courtroom to freeze Volkswagen’s property in Russia pending courtroom proceedings – a call the courtroom reversed in April.
Volkswagen is getting ready to promote its Russian property, together with its flagship plant within the metropolis of Kaluga that has annual manufacturing capability of 225,000 automobiles, however no resolution has been made and Russian authorities approval is pending.
($1 = 77.8055 roubles)
Reporting by Reuters, Modifying by Mark Trevelyan and Barbara Lewis
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