Categories: Automobile

Stellantis keeps Russia van plant open as Renault shuts

[ad_1]

Renault’s decision lagged moves by Volkswagen Group, BMW and Ford Motor Co. to suspend operations at local factories. 

With less at stake than Renault in Russia, Stellantis CEO Carlos Tavares said earlier this month that the maker of brands including Jeep, Peugeot, Opel and Fiat would halt exports and imports to and from Russia.

Tavares said Stellantis could move some van production from the Kaluga plant, which it shares with Mitsubishi, to van factories in Hordain, France, and Luton, England.

Tavares has said Russia accounts for 20 million to 30 million euros ($33 million) of profit annually, making any impact on the automaker’s overall operations negligible. 

The Kaluga plant, about 150 km (93 miles) southwest of Moscow, builds about 11,000 commercial vehicles a year.

[ad_2]
Source link
AddThis Website Tools
Admin

Recent Posts

How to Remove Burnt-on Grease from Your Oven

Burnt-on grease isn't just an eyesore. It stinks up the kitchen and makes cooking a…

2 weeks ago

Air India: A Journey Through Time

Hey there! Ready to embark on a historical journey with Air India? Whether you're a…

4 weeks ago

The Rise of Smart Altcoins: How 2025 Is Reshaping the Crypto Hierarchy

In 2017, altcoins were seen as experimental side projects to Bitcoin. By 2021, they became…

1 month ago

5 Services That Can Transform Your Shopping Center in Las Vegas into a Must-Visit Destination

Shopping centers in Las Vegas have a unique opportunity to stand out by offering not…

1 month ago

Levitra Dosage: Guidelines for Safe Use

Levitra, a widely recognized medication for treating erectile dysfunction (ED), has proven to be a…

2 months ago

Practical Tips for Carpet Cleaning on a Budget

Have you ever looked down at your carpet and wondered if there’s a budget-friendly way…

3 months ago