[Auto] Renault stops making cars in Russia and studies selling its stake in AvtoVAZ

[[M]anuel]

The Renault Group has officially announced that it is suspending its industrial activity in Russia. Activities at the Renault production center in Moscow have been suspended and the Group is even evaluating the possibility of divesting itself of its shares in AvtoVAZ.

In recent weeks, the Renault Group has been in the spotlight since it has been one of the great giants of the automotive industry that has tried by all means to avoid temporarily closing its operations in Russia. And it is that, this automobile conglomerate plays an important role in the Russian market through the Renault and Lada brands .

Just a few days ago Renault resumed vehicle production in Russia announcing that it was an indefinite measure. Unfortunately, the joy was short-lived. The French company has changed its mind drastically. The Renault Group has announced that it is suspending its industrial activity in Russia . A decision made just a few hours ago by the Renault Group Board of Directors.

https://www.motor.es/noticias/renault-suspende-actividad-industrial-rusia-202285834.html