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Auto Shows Renault suspends the activities of its factory in Moscow

00:25  24 march  2022
00:25  24 march  2022 Source:   nouvelobs.com

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  Renault suspend les activités de son usine à Moscou © Copyright 2022, the Obs

The French car manufacturer Renault announced this Wednesday, March 23 at the evening suspend "from this day" the "activities of the factory Renault of Moscow "and evaluate" possible options for its participation "in its Russian subsidiary AVTOVAZ.

"As a result, Renault Group is forced to review its financial perspectives for the year 2022 with an operational margin of the group of order 3%", against more than 4% previously, announced the group in a statement published after Calls for a global boycott of the brand launched by Ukrainian diplomacy. AVTOVAZ, owned 69% by Renault, is a leader in the Russian market with its Lada brand.

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Auchan, Total, Renault ... The embarrassment of French companies in Russia

earlier in the day, the head of the Ukrainian diplomacy Dmyro Kouleba had called for a global "boycott" of the automaker because of "his refusal of Leave Russia, "following the invasion of Ukraine by the Russian forces. "Sponsor of the war"

In a tweet, he had accused Renault, whose Russia is the second market, "supporting a brutal war of aggression". He had called "customers and businesses around the world to boycott the Renault group.

He illustrated his tweet with a photo montage showing, on one side, the "Renault group positioning" and his slogan "passion for life" with a smiling customer and, on the other, the "position" of the manufacturer , with a civilian in front of a destroyed car and the registration "sponsor of the Putin War".

In front of the French Parliament, the Ukrainian President Volodymyr Zelansky had also urged in a video

the French companies located in Russia to stop supporting "the War Machine" Russian.

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