Renault sells Soviet-era icon Lada as it exits Russia, for now
CNN
Renault is selling its business in Russia, including a controlling stake in Lada, becoming the latest carmaker to exit the country over its assault on Ukraine.
In a statement on Monday, the French company said it had agreed to sell Renault Russia to the city of Moscow and its stake of nearly 68% in Lada parent Avtovaz to a state-owned industry research center.
Renault is keeping open the option of returning to Russia — the deal gives the company various windows to buy back its interest in Avtovaz over the next six years, the company added.
The decision that may make it easier for other candidates to challenge voting laws – even if they ultimately win their election.
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