Russia says Renault in talks to sell local subsidiary
French automaker Renault is in talks to promote its majority stake in Russian automaker AvtoVAZ to a nearby car studies institute, Russia’s enterprise minister said Wednesday. Renault controls 68 percent of AvtoVAZ, the largest carmaker in Russia with the country’s pinnacle emblem Lada, however, has come under stress to tug overseas due to the fact … Read more