Renault resumes car production in Moscow as other companies cut ties with Russia in response to military invasion of Ukraine
Renault resumes car production in Moscow as rivals cut ties with Russia, 21 March 2022
The French carmaker Renault has resumed manufacturing in its plants in Moscow, bucking the trend of many other large global companies that have cut ties with Russia over its war on Ukraine.
Renault had suspended production at the plant last month, citing logistical problems after the invasion of Ukraine on Vladimir Putin’s orders. However, Renault’s decision to restart manufacturing has the backing of the French government, which is its main shareholder...
Renault has owned a controlling two-thirds stake in the Russian carmaker Avtovaz...That means it has larger operations in the country than most other European rivals, with 40,000 local employees, posing a huge challenge as the US, UK and EU governments try to isolate Russia economically...
While the Moscow plant has restarted, Avtovaz said...it was partially halting production this week at a huge plant in Tolyatti...and another in Izhevsk...The halt was caused by shortages of electronic parts, it said...