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Volkswagen ordered to pay $193 million to Russian carmaker


A court in Nizhny Novgorod, Russia, ordered Volkswagen AG to pay 16.9 billion roubles ($192.8 million) in damages to Russia-based automaker GAZ Group over lost profits after the German automaker exited the Russian market, Reuters reported, citing Interfax. GAZ has also filed other claims, seeking around another $350 million in damages, saying Volkswagen’s moves to exit the Russian market had put its interests at risk.


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