F1’s former CEO is a friend of the Russian president, who he describes as a “first-class person”
Nissan has taken a $499 million financial hit from its Russian and Ukrainian operations
Volkswagen is offering to pay employees six months’ worth of salary
Skoda has relocated part of its wiring harness production from Ukraine to its Mladá Boleslav plant
Lexus expects to sell roughly 50,000 vehicles throughout Europe this year
According to Moscow’s Mayor, the brand will return after it went bankrupt in 2006
Renault has the option to buyback their stake in AvtoVAZ
Renault’s chief executive Luca de Meo says the car manufacturer is close to making a decision
Each automaker partnered with Maersk to ship the vehicles into the country
The German car club made the recommendation after Russia cut oil exports to Poland and Bulgaria
The sale is part of a mass exodus of corporations from the market amid the Ukraine invasion
Client insurance and increased risk of Russian confiscation are the causes
And it comes down to how best companies can care for their employees
Italian authorities seized Rocky Ram, a villa in northern Sardinia belonging to the Mazepins
The armored limo belongs to billionaire Alisher Usmanov and was seized by authorities in Sardinia
Renault is reportedly making moves to completely exit the Russian market
Stellantis has previously said it could move van production away from Russia to France and the UK
Renault recently suspended operations at the site that builds the Duster, Kaptur, and Arkana
