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By Gleb Stolyarov and Alexander Marrow (Reuters) - 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 fir...
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. The deal gave Renault a six-year buyback option on its Avtovaz stake.
Domestic producers and Chinese firms pick up the pieces after Western automakers quit Russia over its invasion of Ukraine
Swiss marine power company WinGD is on track to deliver its first X-DF-A dual-fuel ammonia engines by the first quarter of 2025…
WinGD has disclosed ammonia fuel technology developments involving two shipowners