McDonald’s isn’t the only company leaving Russia over the war in Ukraine as the Renault Group has signed an agreement to sell 100% of its
Tag: Ukraine
Renault Will Soon Decide On Its Future In Russia, CEO Says
Renault will soon decide on the future of its operations in Russia due to the ongoing invasion of Ukraine. While speaking with members of the
Germany’s Biggest Car Club Tells Members To Drive Less, Slow Down To Reduce Russian Oil Dependence
Europe is reckoning with its dependence on Russian oil as that country’s invasion of Ukraine enters its third month. Such is the anxiety in Germany
Renault Sells AvtoVAZ To Russian Science Institute For Just Over 1 U.S. Cent
Renault will transfer its stake in AvtoVAZ, the maker of Lada, to Russian automotive research facility, NAMI, the French automaker said on Wednesday. According to
BMW And Audi Suspend Rail Shipments To China Amid War In Ukraine
BMW and Audi have stopped shipping their vehicles to China by train, due to the ongoing war in Ukraine, according to a report from Nikkei
Auto Industry Between A Rock And A Hard Place With Regard To Russian Workers
Multiple automotive brands are having to adapt to the situation in Russia and their employees are at the heart of the concern. General Motors, Stellantis,
Italy Seizes $115 Million In Properties Owned By Former F1 Driver Nikita Mazepin And His Father
The Italian government has seized properties belonging to former Haas F1 driver Nikita Mazepin and his father. Located on the north of the island of
Russian Oligarch’s €600,000 Armored Mercedes-Maybach Seized As Part Of EU Sanctions
The EU is going after Russian oligarchs due to the ongoing conflict in Ukraine. The latest is Alisher Usmanov, who’s had his armored €600,000 ($654,330)
Renault Could Transfer Its Controlling Stake In AvtoVAZ To Russian Investor
Renault is said to be considering an ownership transfer of its controlling stake in Russia automaker AvtoVAZ as it looks to follow the lead of
Stellantis Continues To Build Vans At Its Russian Factory
As more and more foreign companies halt or completely abandon operations in Russia, Stellantis continues to build vans at its Kaluga factory near Moscow. The