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Putin's Willing Helper: Austrian Entrepreneur Seeks to Save Russia's Stalled Car Industry

Porsche SE board member Siegfried Wolf wants to rebuild war-sanctioned Russias automobile sector using German know-how from companies including Volkswagen. He even pitched his plan in a letter directly to Putin – and asked for an 800-million-euro credit line.
Sankt Peterburg Saratovskaya Oblast United States Russian Federation Siegfried Wolf Andrey Rudakov
Source: spiegel.de

Support for Russia's War Economy?: A German Auto Parts Supplier Raises Eyebrows

German auto parts supplier Schaeffler is selling its factory in Russia. But a letter to the Russian president and a questionable loan are raising questions about the role of a Russian oligarch in the deal – and whether the plant could supply parts to Putins war machine in the future.
Russian Federation Roman Vovk Siegfried Wolf Janis Kluge Sebastian Kurz Sasha Mordovets
Source: spiegel.de

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Ex-Magna CEO could take control of Volkswagen's assets in Russia

The Russian media reported that Volkswagen AG could sell its Russian business – including an assembly plant and an internal combustion engine producer – to Austrian business conglomerate Steyr Automotive owned by ex-Magna CEO Siegfried Wolf. According to people familiar with the matter the compan
United Kingdom Siegfried Wolf Vladimir Putin Oleg Deripaska Mikhail Mishustin Volkswagen Group Board Of Management

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