AVTOVAZ plans 400K Cars production in 2023
During corporate shutdown, which is scheduled for early summer, AVTOVAZ, a a Russian automobile manufacturing company, is going to finish the validation of components, which have been localized in Russia earlier this year or delivered by new partners from friendly countries as part of the step-by-step import substitution plan, to be used for the AV […]
Renault Group and Punch sign MoU for diesel ICE for LCVs
Renault Group, and PUNCH Torino, a well-known center of excellence for propulsion systems and electronics, recently announced the signature of a binding Memorandum of Understanding concerning their cooperation on Renault 4-cylinder diesel engines for light commercial vehicles (LCVs). Under the terms of the agreement, PUNCH will be able to purchase, use and sell the current […]
Renault Group sells its Russian entity as part of its global strategy for FY2022
The Board of Directors of Renault Group unanimously approved the signing of agreements to sell 100% of Renault Group’s shares in Renault Russia to Moscow City entity and its 67.69% interest in AVTOVAZ to NAMI (the Central Research and Development Automobile and Engine Institute). The closing of these transactions is not subject to any conditions, […]
