Why Renault’s Latest Russia Deal Looks Smart

Renault’s partnership with struggling Russian automaker Avtovaz got a fresh infusion of cash on Nov. 27 – and happily for Renault, Russian taxpayers will foot most of the bill. In a deal announced during a visit to Paris by Prime Minister Vladimir Putin, the Russian government said it would grant a $2.5 billion bailout to Avtovaz, while the government of the Samara region surrounding the company’s headquarters will pay the salaries of 14,600 AvtoVAZ employees who are being…

Carol Matlack

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Auto Beat - BusinessWeek

Topics: government, paris, prime-minister, vladimir putin

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