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Factbox-What has become of Western carmakers' assets in Russia?

The Western automakers that dominated Russia's car market left following Moscow's invasion of Ukraine, leaving a slumping production and sales in their wake, with domestic producers and Chinese firms picking up the pieces. One of the first Western carmakers to exit, France's Renault in May 2022 sold its majority stake in carmaker Avtovaz and its Moscow factory with annual capacity of 150,000 vehicles to the Russian state, each for one rouble, sources told Reuters at the time. Th...
Zhang Yan Sankt Peterburg Kaliningradskaya Oblast Renault Avtovaz Ladax Cross Daniel Flynn
Source: yahoo.com

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