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Russia relaunches Soviet-era Moskvich car brand using a former Renault plant

CNBC LogoCNBC1w ago

Russia relaunches Soviet-era Moskvich car brand using a former Renault plant

Quick Summary

Production of the Soviet-era Moskvich car relaunched in Russia on Wednesday at a former Renault factory.

Sobyanin said the decision to take over the Renault plant was a move to preserve thousands of jobs.

By industry standards, the factory won't be churning out cars particularly quickly in the next couple of years.

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News Analysis

Category: Nation Politics

Topics: US Dollar / Russian Ruble FX Spot Rate Cnbc Articles Autos Europe Markets Wars and Military Conflicts Transportation Europe Economy Source:tagname:CNBC Europe Source Business News

Source Website Secure: Yes (HTTPS)

Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

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Readership Location: United States

Published Date: 2022-11-23, 13:48:36

News Timezone: GMT -5:00

Language: English

Original Article Length: 462 words

Reading Duration: 3 minutes read

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News ID: 5512589

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