PARIS: French car giant Renault announced Wednesday it was immediately suspending operations at its Moscow factory after Kyiv called for a boycott of the company for remaining in Russia.
Renault is also considering “the possible options” for its Russian affiliate AvtoVAZ, the company said in a statement, adding that it had downgraded its 2022 financial outlook.
“Renault Group has to revise its 2022 financial outlook with a Group operating margin of around 3 percent versus at least 4 percent previously,” it said.
Ukraine’s foreign minister on Wednesday called for a global boycott of Renault over its earlier refusal to leave…
