Renault to commit USD372 million to AvtoVAZ recapitalisation – report
French automaker continues struggling turning around AvtoVAZ business
Renault is set to hand over EUR350 million (USD372 million) in cash initially to its subsidiary AvtoVAZ as it begins the process of recapitalisation follow years of sustained losses, according to a TASS news agency report.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
