A bankruptcy application has been placed with Sverdlovsk Region Arbitration Court by ZAO AO Avto Land recently, the spokesperson for the court informed UrBC.

It has been reported that the company’s liquidation committee made the decision to declare the business insolvent.

At the moment, Avtoland deals in sales of Ford, Mazda, Volvo, and Mitsubishi Motors automobiles. The company runs show rooms in Yekaterinburg, Ufa, and Magnitogorsk.