APThe lawsuit, details of which have not been published, was filed with the Nizhny Novgorod Regional Arbitration Court on Friday.
GAZ did not immediately respond to Reuters' request for comment. Volkswagen declined to comment.
Earlier this year, GAZ filed two lawsuits against the German carmaker seeking a total of around $545 million in losses and damages, saying VW's moves to exit the Russian market had put its interests at risk.
It initially persuaded a court to freeze Volkswagen's assets in Russia pending court proceedings - a decision the court reversed in April.
Volkswagen is preparing to sell its Russian assets, including its flagship plant in the city of Kaluga that has annual production capacity of 225,000 vehicles, but no decision has been made and Russian government approval is pending.
Saturday, 06 May, 2023- Front Page
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- India Driving Numbers for Large Consumer MNCs
Global chief executives of 10 large consumer-facing companies such as Apple, Coca-Cola, Unilever, Mondelez, Yum! Brands, Mastercard, Pernod Ricard, Skechers, Crocs and Whirlpool said in recent quarterly earnings calls that their India businesses have been resilient.
Stocks Drop 1% on Deep Selloff in HDFC TwinsIndia’s benchmark indices dropped 1% on Friday, wiping out the previous day’s gains, as lenders — led by HDFC group stocks — led the selloff. Continued worries about the health of the US regional banks, which dragged Wall Street down on Thursday night, also contributed to declines.
GoI, Vedanta Likely to Discuss Balco IPOThe government is likely to hold discussions with Vedanta informally on a possible stock market listing of Balco before a firm proposal is made to the aluminium company's board, said people aware of the development.
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