Renault is considering an ownership transfer of its majority-held Russian venture AvtoVAZ to a local investor as a way to exit the country, according to people familiar with the matter.
A transfer, currently the preferred option, would help free the automaker from legal responsibilities to AvtoVAZ, which makes the Lada brand, and its 45,000-strong staff, said the people, who asked not to be named because the deliberations are not public.
The move is among options on the table after Renault last week said it was suspending industrial activities in the country without providing any details about how it would get out.