Russia’s Avtovaz plans to resume production of Lada Granta from June 8

by Reuters

(Reuters) – Russia’s top carmaker Avtovaz said on Friday it would resume production of its best-selling Lada Granta model from June 8, after partially halting production in March due to a shortage of electronic parts because of Western sanctions on Moscow.

French auto giant Renault struck a deal in May to sell its majority stake in Avtovaz to a Russian science institute, reportedly for the symbolic sum of just one rouble, with a six-year option to buy it back.

(Reporting by Reuters; Editing by Edmund Blair)

tagreuters.com2022binary_LYNXMPEI520CM-BASEIMAGE

author avatar
Reuters

You may also like

You can't access this website

Shore News Network provides free news to users. No paywalls. No subscriptions. Please support us by disabling ad blocker or using a different browser and trying again.