French company Renault has announced that it will sell its 2.2 billion euro stake in Russian automaker Avtovaz to a Russian science institute for the sum of one ruble (0.015 euros). However, part of the negotiations is the possibility of a comeback, with an option of six years to buy back...
Tag: Renault
Caetano and Millennium bim bring low consumption vehicles
Caetano Formula Moçambique (Caetano), the official representative of the Renault, Volkswagen and Peugeot brands in Mozambique, and Millennium bim, have established a partnership aimed at facilitating the acquisition of low consumption vehicles in Mozambique, through Car Leasing for the purchase of the new Renault Kiger car. Millennium bim is offering attractive financing conditions for the...
France's Renault resumes car production in Russia
French carmaker Renault decided on Monday to resume normal activities in Russia. The factory's move goes in the opposite direction of other companies in the industry such as Volkswagen, BMW, Ford, Toyota, Mazda and Honda. Macron's government is happy with the carmaker's decision. About a...
Did you know that Renault's New Concept will have a hydrogen engine?
Renault released a teaser image of its latest concept car, without revealing any major details, this Friday. Set to launch next May, this concept will feature a hydrogen engine that "embodies the decarbonization trajectory of the Renault group and brand, as well as its progress in terms of economy...
Renault sales fall for the third consecutive year
French carmaker Renault said today that its 2021 sales fell 4.5% to 2,696,401 vehicles amid difficult market conditions as well as by the shortage of semi-conductors. Renault, which also makes Dacia and Lada cars, said, however, that the group's order book in Europe had doubled...