Renault sells business in Russia for one ruble

The 67.69% that the French company held in Avtovaz, which has now been sold to the Russian Central Institute for Research and Development of Automobiles and Engines, was valued at 2.2 billion euros. French company Renault has announced that it will sell its stake in Russian carmaker Avtovaz, which produces Lada-branded cars, to a Russian […]

Renault sells Lada factories in Russia to Russian government | NOW

Renault is selling its majority stake in the Russian car manufacturer AvtoVAZ to a Russian scientific institute, the French car group said on Monday. At the end of April, a Russian minister already stated that AvtoVAZ, the company behind car brand Lada, will be transferred to the Russian Ministry of Industry. Since the Russian invasion […]

Sold for a ruble?: Renault’s holdings in Russia are nationalized

Sold for a ruble? Renault’s holdings in Russia are nationalized 05/16/2022, 2:31 p.m The French carmaker had invested billions in Russia. Now Renault is giving up its Moscow plant and stake in Lada-maker Avtovaz — and apparently for nothing. Nevertheless, the French could return. And Moscow wants to revive a brand from Soviet times. Russia […]

Renault gets rid of Lada for a ruble

The Ministry of Commerce said Renault’s Moscow plant – which produces Renault and Nissan-branded cars – will be handed over to the city council, another sign of what the Russian authorities are planning to do with Western assets. The French company and the government – which has 15 per cent in Renault – did not […]

Renault gets rid of Lada for a ruble

The Ministry of Commerce said Renault’s Moscow plant – which produces Renault and Nissan-branded cars – will be handed over to the city council, another sign of what the Russian authorities are planning to do with Western assets. The French company and the government – which has 15 per cent in Renault – did not […]

Renault surrenders its factory to Russia and sells 54 billion in the manufacturer

Lada Vesta Cross | photo: AvtoVAZ According to Mantur, there may be a transaction of options that will allow Renault to repurchase the contract within five and six years. The minister also said that according to his Moscow factory, Renault would transfer to the Moscow municipality. According to Reuters, this information could be one […]