AvtoVAZ

© Reuters. FILE PHOTO: Employees work at the assembly line of the LADA Izhevsk automobile plant, part of the Avtovaz Group, in Izhevsk, Russia February 22, 2022. REUTERS/Gleb Stolyarov (Reuters) - The board of directors of Russian…

© Reuters. FILE PHOTO: The new Renault Megane E-Tech 100% Electric car is displayed ahead of the 2021 Munich Motor Show during a presentation in Aubervilliers near Paris, France, September 2, 2021. REUTERS/Eric Gaillard PARIS (Reuters)…

Renault is suspending some of its Russian operations indefinitely and is preparing to walk away from its investment in Lada maker AvtoVaz, in a significant shift for the biggest foreign carmaker remaining in the country after rivals…

Lada cars have been a symbol of Russia’s self-reliance since they began rolling off assembly lines during the depths of the Cold War.On Wednesday, Lada’s factory floors ground to a halt as Western sanctions deprived its parent company of…