The Renault Group has sold its stake in Russian car maker Avtovaz to the Russian Central Research and Development Automobile and Engine Institute, following Russia's invasion of Ukraine.
The French firm owned a 67.69% stake in Avtovaz, which employs more than 45,000 people in Russia and builds various Dacia, Lada and Renault models.
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Renault took a U-turn. It took them a long time to understand that also in French U-turn means Ukraine-turn
Renault might be able to salvage something from this. But in the short term they are screwed. I think their new coupe crossover thingy is made in Russia so back luck if you wanted one of those.
Shame on you Renault, a case of history repeating itself me thinks.