Russian automaker Avtovaz has warned Renault that it will have to pay at least RUB 112bn (US$1.29n) to cover the cost of new investments—both state and corporate—should it wish to reacquire its 67.5% majority stake. Renault previously sold its stake in Avtovaz for a single ruble in May 2022, shortly after Russia’s invasion of Ukraine.
Subscribe to Automotive World to continue reading
Sign up now and gain unlimited access to our news, analysis, data, and research
Already a member?
