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Adrian Padeanu

Mazda Sells Stake In Russian Joint Venture For 1 Euro

Mazda Euro Russia

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The automotive exodus continues in Russia as Mazda is the latest name in a long string of car manufacturers to stop production. Tucked away in a press release about the latest financial results is news about Zoom-Zoom's decision to sell its stake in the 50:50 joint venture it had with local carmaker Sollers. The latter is buying the other half of the MSMR company for the "princely" sum of 1 euro.

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