Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


Forums › Transport (cars, bikes and boats) › Russia has a new national car - Renault-Nissan!
Batman

Mad Scientist
30012 posts

Uber Geek
+1 received by user: 6217

Trusted
Lifetime subscriber

#296045 17-May-2022 07:14
Send private message

https://www.bbc.com/news/business-61463874

 

 

 

The French carmaker said it would sell its 68% interest to a Russian science institute, while its shares in Renault Russia will go to the city of Moscow.

 

 

 

 

 

Moscow said Renault's Russian assets had now become state property.

 

 

 

 

 

It is the first Russian nationalisation of a major foreign business since the invasion of Ukraine.

 

 

Create new topic
nakedmolerat
4631 posts

Uber Geek
+1 received by user: 874

Trusted
Lifetime subscriber

  #2914807 17-May-2022 07:23
Send private message

Sold for One Rouble.



OldGeek
989 posts

Ultimate Geek
+1 received by user: 409

ID Verified
Lifetime subscriber

  #2915164 17-May-2022 15:29
Send private message

Renault gave their ownership away.  Nationalisation is when the Government confiscates privately-owned property.




-- 

OldGeek.

 

Quic referal code: https://account.quic.nz/refer/581402 and use this code for free setup: R581402E48MJA

MikeB4
MikeB4
18775 posts

Uber Geek
+1 received by user: 12765

ID Verified
Trusted
Subscriber

  #2915170 17-May-2022 15:41
Send private message

OldGeek:

 

Renault gave their ownership away.  Nationalisation is when the Government confiscates privately-owned property.

 

 

Not really. It simply means the transfer of a private business assets to government ownership/control. 




Here is a crazy notion, lets give peace a chance.



Handsomedan
7769 posts

Uber Geek
+1 received by user: 7402

ID Verified
Trusted
Subscriber

  #2915214 17-May-2022 16:09
Send private message

I was under the impression that it was just the Russian based assets- i.e. the Lada factory etc. 




Handsome Dan Has Spoken.
Handsome Dan needs to stop adding three dots to every sentence...

 

Handsome Dan does not currently have a side hustle as the mascot for Yale 

 

 

 

*Gladly accepting donations...

MikeB4
MikeB4
18775 posts

Uber Geek
+1 received by user: 12765

ID Verified
Trusted
Subscriber

  #2915221 17-May-2022 16:11
Send private message

Handsomedan:

I was under the impression that it was just the Russian based assets- i.e. the Lada factory etc. 



That’s my understanding. It would seem a way for Renault-Nissan to exit a hostile environment.




Here is a crazy notion, lets give peace a chance.

Handsomedan
7769 posts

Uber Geek
+1 received by user: 7402

ID Verified
Trusted
Subscriber

  #2915225 17-May-2022 16:18
Send private message

Yes - from FT.com (Financial Times)

 

https://www.ft.com/content/515d978a-16c9-4af9-a8b8-4c5abdfd1ee7

Renault is selling its entire Russian operation including its stake in Lada-maker Avtovaz for 2 roubles, in one of the most significant retreats by a foreign company since the invasion of Ukraine.

 

The French group’s exit, which involves a €2.2bn writedown and the sale of its businesses in Russia to a state-backed group and to the City of Moscow, highlights the lack of options for businesses trying to leave the country without huge losses on their investments.




Handsome Dan Has Spoken.
Handsome Dan needs to stop adding three dots to every sentence...

 

Handsome Dan does not currently have a side hustle as the mascot for Yale 

 

 

 

*Gladly accepting donations...

Create new topic








Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Updates »

Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.








RSS feeds
Main feed
Forums feed
Copyright
©2002-2026 Geekzone®
Site features
Geekzone BI dashboard
Geekzone Badges
Geekzone Status Page

 

Site Information
Subscribe to Geekzone
Privacy Statement
Forum Usage Guidelines (FUG)
Advertising
Trademark and copyright