Traton divisions Scania and MAN Truck & Bus are to sell their Russian assets, writes Carol Millett.
The move comes after both MAN and Scania pulled out of Russia in March this year, in line with other Western companies, as part of sanctions imposed on Russia in protest at its invasion of Ukraine.
Traton said MAN will sell its local sales companies to “local sales partners” in Russia, who have not been identified.
Scania, which stopped deliveries of both trucks and parts into Russia and halted production in St Petersburg in March, announced it has made a 5bn Swedish krone (£412.68m) provision to sell its sales and service operations, and financial services in Russia.
