Automakers

Renault sells AvtoVAZ stake, but may return

Renault logo 2022
R
By:
Reuters
May 16, 2022 06:12 AM

Renault will sell its majority stake in AvtoVAZ to a Russian science institute, the automaker said, adding that the deal included a six-year option to buy back the stake.

Staying current is easy with newsletters delivered straight to your inbox.