Monday, December 5, 2022

Russia relaunches Soviet-era Moskvich car brand using a former Renault plant

Trending News

  • Production of the Soviet-era Moskvich car relaunched in Russia on Wednesday at a former Renault factory.
  • The relaunch comes as Russia strives for a self-sufficient economy as the country’s finances continue to be choked by sanctions and other ramifications of its invasion of Ukraine.

The French manufacturer had owned a majority stake in carmaker Avtovaz, before reportedly selling it off for just one Russian rouble and with a six-year option to repurchase. Renault Russia was also reportedly sold to the state for the same token sum.

Read Full News

Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: CNBC

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -
Latest News

Fans have no idea what World Cup's 'total receptions' stat on TV graphics actually means

Eagle-eyed World Cup viewers will have by now noticed a graphic that pops up each game highlighting teams' 'total...
- Advertisement -
- Advertisement -

More Stories Like This