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Russia relaunches production of Soviet-era Moskvich at ex-Renault plant - agencies

11/23/2022 | 03:23am EST

MOSCOW, Nov 23 (Reuters) - Russia on Wednesday relaunched production of the Soviet-era Moskvich car at French carmaker Renault's former plant in the Russian capital, news agencies reported.

Renault sold its majority stake in carmaker Avtovaz in May to the Russian state for reportedly just one rouble, but with a six-year option to buy it back. It sold its plant south of Moscow, now renamed the Moscow Automobile Factory Moskvich, for another rouble. (Reporting by Gleb Stolyarov and Alexander Marrow; Editing by Mark Trevelyan)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
GAZ 0.15% 332 End-of-day quote.0.00%
HYUNDAI MOTOR COMPANY 1.80% 170000 End-of-day quote.12.58%
KIA CORPORATION 4.04% 69500 End-of-day quote.17.20%
NISSAN MOTOR CO LTD 0.81% 462.6 Delayed Quote.10.64%
RENAULT -0.04% 39.01 Real-time Quote.24.73%
SOLLERS 3.20% 177.5 End-of-day quote.0.00%
TOYOTA MOTOR CORPORATION 0.58% 1891.5 Delayed Quote.4.36%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 0.00% 70.626 Delayed Quote.-2.67%
VOLKSWAGEN AG -1.02% 131.94 Delayed Quote.13.33%
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