Tag: Sovietera

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Russia needs cars, so it’s rebooting this Soviet-era brand

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After Renault announced its departure this week from the Russian auto market amid the country's war with Ukraine, Moscow's mayor announced its factory will be used to restart the defunct Soviet-era Moskvich car bran...

Renault sells Soviet-era icon Lada as it exits Russia, for now

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London (CNN Business)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 Frenc...