Renault SA was named as strategic partner of Russia's Avtovaz.
Avtovaz President Sergei Chemezov will present the project to Renault CEO Carlos Ghosn on Saturday in the Russian city of Togliatti, Renault spokeswoman Rochelle Chimenes said. She declined to give further details. Russia's Interfax news agency reported Renault would be sold a large minority stake in the struggling company.
In a weary world of endless US military interventions, sanctions, trade tariffs and chaos, let’s pause and take stock of the shining house on the hill