The Arbitration Court of the Nizhny Novgorod Region has indexed the debt of Volkswagen AG to the Gorky Automobile Plant (now NAZ), due to which the German concern went bankrupt in Russia, Interfax reports.
On February 11, the court granted the application of Kameya (now it is recovering the debt by assignment) and ordered to add another 1.53 billion to the amount of 16.9 billion rubles. Volkswagen asked to suspend the recovery process until the Supreme Court's decision on the cassation appeal, but the court refused.
In July 2024, the court partially satisfied the claim of the Gorky Automobile Plant and recovered from VW 16.9 billion rubles in damages and 40 thousand euros in debt for disrupting the contract for the assembly of cars in Nizhny Novgorod. Initially, the plant demanded 28.4 billion: 2.5 billion in actual damage (investments in preparing the production of cars with VW engines), 5.2 billion - compensation to distributors due to short deliveries and 20.7 billion in lost profits from the suspension of production.
Volkswagen considers the court decision illegal, and the bankruptcy in Russia unfounded. Earlier, GAZ assigned the right to claim the debt to Kameya for 120 million rubles - in August, the court officially replaced the claimant. And in September, the Arbitration Court of Moscow, at the request of Kameya, declared the Russian assets of the Volkswagen concern bankrupt.
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