Renault, crucial weeks for activities? in Russia

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The war that Russia waged over two months ago by invading Ukraine will have; repercussions on the strategies and decisions even of a giant like Renault. The CEO Luca de Meo, in fact, announced in the past few hours that the car manufacturer will have to; make a decision in the coming weeks : on the table, as & egrave; easy to imagine, there are the fates of activities of Renault in Russian territory. This is certainly not a secondary issue, given that for the French company it is the second largest and most important market.

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A SITUATION IN CONTINUOUS EVOLUTION

As with many other large companies and multinationals, at the moment the situation is; stops at the suspension of any activity; following the conflict. & ldquo; There are negotiations that are currently still ongoing & ndash; said de Meo himself in a recent conference on the Future of the car organized by the Financial Times & ndash; but there & egrave; It is clear that we have been working with large investments for ten years in those territories. Therefore, it is also about protecting our assets and what is; been done so far & rdquo ;.


Renault invested about 2 billions of euros in the last decade for its activities in Russia , including upgrading the huge Togliatti factory. In the month of April, even without comments from the French House, the authorities; Russians announced that Renault would transfer its 68% stake in AvtoVaz, the largest; large Russian car manufacturer that produces cars under the Lada brand, to an automotive research institute for the symbolic price of one ruble. But there have never been further official confirmations from beyond the Alps.

Moreover, the diffusion of Lada, one of the de facto brands belonging to the Renault Group, contributes to making Russia one of the most important markets; important for Renault. In future plans, before the situation degenerated on the war front, there was also the synergy between Lada and Dacia to share platforms and development costs.

ABOUT 45,000 JOBS TO SAVE < p> A possible disengagement from Russian territory, however, does not seem to worry too much the Renault leaders: & ldquo; Non avr & agrave; a huge impact on our ability; to finance other projects & quot ;, said de Meo himself. The goal, he added, & egrave; preserve jobs for Russian employees (around 45 thousand) . & ldquo; Painful & rdquo;, finally, the choice of recent months to leave the territory of Moscow, but & ldquo; at this moment there were more issues; important of corporate profits & rdquo ;.

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