French car maker Renault has sold assets to the Moscow government - French car maker Renault has sold its Russian assets to the Moscow government. No financial details were provided but Russian Industry and Trade Minister Denis Manturov said in April that Renault planned to sell its Russian assets for "one symbolic ruble". In a statement Renault chief executive said "Today, we have taken a difficult but necessary decision; and we are making a responsible choice towards our 45,000 employees in Russia, while preserving the group's performance and our ability to return to the country in the future, in a different context”. Since President Vladimir Putin sent troops into Ukraine on 24 February, Renault has had difficulty keeping its operations going due to a lack of components following the imposition of Western sanctions. Ukrainian authorities have also put pressure on Renault, calling for a boycott of the company's vehicles until it pulls out of Russia.
The Var and the Alpes-Maritimes are on Meteo France alerts for high winds until eight o’clock this evening as Storm Benjamin passes through our region...
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France is preparing for severe weather as Storm Benjamin sweeps in from the British Isles, bringing violent winds, heavy rain and powerful coastal wav...
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Storm Benjamin is on the way. It’s expected that the Atlantic coast and parts of north-west France will be worst affected, but Meteo France have yello...
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Dozens of left-wing activists have marched through Nice, protesting plans to name a public square after former president Nicolas Sarkozy, the march oc...
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Former French president Nicolas Sarkozy has started a jail sentence for campaign finance conspiracy today...
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