Which brands are part of groupe renault:
Renault, Dacia, Renault Samsung Motors, Alpine and LADA
What groupe renault makes:
Releases cars, trucks and sports cars.
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March 16, 2022 - economic truth:
"Despite harsh technological sanctions and a shortage of spare parts, some automakers are ready to continue operating in Russia. Including - Renault (France), Hyundai (Korea), Kia Motors (Korea), Mitsubishi (Japan) and Nissan (Japan).
Renault, Mitsubishi, Hyundai and Kia together pay $2.5 billion in taxes.
The greatest attention is focused on Renault, which has stopped its plants, but continues to cooperate with AvtoVAZ. The French concern owns 66% of the Russian auto giant and does not intend to go out of business yet.
According to experts Motor.ruIf the French owner decides to leave the Russian car industry, AvtoVAZ plants will be able to assemble only two models: Niva Legend and Niva Travel.
Source
June 6, 2022 - economic truth:
"The former Renault plant in Moscow was renamed "Moskvich" after the change of ownership.
In May, it became known that the Russian assets of the French automobile company Renault passed over into the state property of the Russian Federation.
As a result of operations, shares in assets are distributed as follows:
100% shares of CJSC "Renault Russia" will be owned by the Government of Moscow.
67,69% shares of the auto concern "AVTOVAZ" are transferred to the ownership of the Russian Federation in the form of FSUE "NAMI".
The remaining shares of the AVTOVAZ automobile concern will be retained by DK Rostec.
Mayor of Moscow Serhii Sobyanin stated, that the Renault plant in Moscow will resume the production of cars under the "historic" brand "Moskvich".
Source
February 16, 2023 - kse institute:
Renault Russia for sale:
"transferred the Moscow factory to the city authorities and a partner for the production of local brands. 06/03/2022: The full name was changed from RENO RUSSIA CLOSED JOINT STOCK COMPANY to MOSCOW AUTOMOBILE PLANT "MOSKVICH" JOINT STOCK COMPANY. Russian car dealers are suing Renault over the exit of the concern from the market."
Source
March 16, 2023 - Yale School of Management (groupe renault):
A bit of background to the fact check source:
“We have a team of experts with experience in financial analysis, economics, accounting, strategy, management, geopolitics and Eurasian affairs, fluent in ten languages, including Russian, Ukrainian, German, French, Italian, Spanish, Chinese, Hindi, Polish and in English, collecting this unique set of data from open sources such as government regulatory documents, tax documents, company reports, financial analysts' reports, Bloomberg, FactSet, MSCI, S&P Capital IQ, Thomson Reuters and business media from 166 countries; as well as non-public sources, including a global wiki-style network with more than 250 company insiders, informants and management contacts. ”
Company status Groupe Renault according to the analysis: suspend operations in Russia
Source
Has groupe renault left the Russian market? August 20, 2024 - Yale School of Management:
A bit of background to the fact check source:
“We have a team of experts with experience in financial analysis, economics, accounting, strategy, management, geopolitics and Eurasian affairs, fluent in ten languages, including Russian, Ukrainian, German, French, Italian, Spanish, Chinese, Hindi, Polish and in English, collecting this unique set of data from open sources such as government regulatory documents, tax documents, company reports, financial analysts' reports, Bloomberg, FactSet, MSCI, S&P Capital IQ, Thomson Reuters and business media from 166 countries; as well as non-public sources, including a global wiki-style network with more than 250 company insiders, informants and management contacts. ”
Company status Groupe Renault according to the analysis: sold Renault Russia; transferred the Moscow plant to the city government and a partner for the production of the local brand
Source
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Brands: Renault, Dacia, Renault Samsung Motors, Alpine and LADA
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