Renault resumed production at its Moscow plant on Monday, a company spokesperson told Reuters.
The French automaker suspended operations at the plant in late February, saying at the time it was due to a "forced change in existing logistic routes."
French carmaker Renault said on Friday its production losses in 2021 because of a global semiconductor chip shortage would be far larger than previously forecast, but maintained its profit outlook thanks to high car pricing and cost cuts.
The shortage of chips, used in everything from brake sensors to power steering to entertainment systems, has led automakers around the world to cut or even suspend production, pushing up vehicle prices.
Like its peers, Renault has focused production on more profitable models.
In a context strongly disrupted by the semiconductor crisis and production shutdowns, Renault Group sold 599,027 vehicles in the third quarter of 2021, a decrease of 22.3% compared to 2020.
The Group’s sales in Europe (53% of total sales) were down 26.3%. International sales fell by 17.3%.
The decline in revenues, limited to -13.4%, confirms the positive impact of the Group’s commercial policy oriented towards better value from sales.
Luca de Meo, the recently appointed CEO of French carmaker Renault (RENA.PA), said a shortage in semiconductors and other rising costs are set to boost car prices, Spanish newspaper Expansion reported on Thursday.
"Prices will rise even more in the coming 12 months," he told the newspaper in an interview, as chip makers are taking advantage of the leverage scarcity is giving them.
