Any sanctions imposed on Russia for its actions in Ukraine by the U.S. and allies could affect Europe's biggest automakers, including Renault Group, Volkswagen Group and Stellantis. All three have significant operations in Russia.
Renault Group has the most exposure with its controlling stake in AvtoVAZ, maker of Lada, long the market leader in Russia. In addition to the huge AvtoVAZ factory in Togliatti, Renault has an assembly plant near Moscow -- and Russia is the group's second-largest market after France.
