May 18, 2022

Hardwood Paroxysm

All Latest News For You!

Sanctions against Russia, the car industry is shaking

The winds of war fueled by Russia and Ukraine could have a powerful impact on the business operations of many vehicle groups. Volkswagen, Renault and Stellants They are among those who would be most vulnerable to any sanctions that could be applied to the Moscow government: all three groups are particularly active in Russia, so in the event that the United States, Europe and Great Britain decide to hold a firm hand against the Kremlin their actions could be turns negatively.

Speaking to Autonews, a Stellantis spokesperson acknowledged his concern in light of future scenarios. Let’s watch the situation closelyWe don’t have any further comments at this time.”, the two words. We recall that Stellantis operated a plant in Kaluga, which became the center of the Russian automobile industry. And it’s not the only one: Volkswagen also operates in the central European city of Russia, thanks to a factory that opened in 2007 and has been invested in more than $1.1 billion. However, the one who could suffer the most from the penalties is Renault, which of the three groups is certainly the most active in Russia: Lusanga will certainly be the most exposed due to AvtoVAZ’s dominant share and leadership in the domestic market. In short, the situation It’s far from pink: Sanctions loom, automakers shake.


FP | Andrea Theresa


All rights reserved




See also  PostePay, it's time to get your money back