automotive industry France War Russia

Renault sells Lada factory for 1 Russian ruble

French automaker Renault sold its majority stake in the Russian manufacturer of Lada cars to the state automotive research institute (NAMI) for the symbolic amount of one ruble (0.0013 euro cents). The Russian buyer, NAMI, was founded nearly a hundred years ago to support Russian vehicle manufacturing. The French manufacturer will have to hand over […]
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