Renault announced the suspension of the capital's plant. The automaker is also considering various options for further cooperation with AvtoVAZ, 68% of whose shares are owned by the Renault-Nissan alliance. Even in the most pessimistic scenario, the state will not leave the automobile plant in Togliatti without support, experts say. What threatens the suspension of Renault in Russia.
Fifteen years ago, Vladimir Putin had a problem. AvtoVaz, maker of the favored car brand of the communist era, was the butt of jokes (How do you double the value of a Lada? Fill the tank.) The state-owned company was struggling to cope with competition from foreign automakers that ventured into Russia after the collapse of the Soviet Union.
