Porsche Board Member Allegedly Seeks Deal With Putin To Rebuild Russia's Auto Industry
In the letter obtained by Der Spiegel, Siegfried Wolf proposed to Putin that the new Volga cars be based on Skoda models
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In the letter obtained by Der Spiegel, Siegfried Wolf proposed to Putin that the new Volga cars be based on Skoda models
Porsche Board Member Seeks Deal To Rebuild Russian Auto Industry
Porsche SE board member Siegfried Wolf wants to rebuild war-sanctioned Russia's 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.
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 Putin's war machine in the future.
Canada is reeling over Beijing alleged spying and foreign interference in Canadian elections.