Russia relaunches production of Soviet-era car at ex-Renault plant: Report

Renault sold its majority stake in carmaker Avtovaz in May to the Russian state for reportedly just one rouble.

Russia on Wednesday relaunched production of the Soviet-era Moskvich car at French carmaker Renault's former plant in the Russian capital, news agencies reported.

The logos of car manufacturers Nissan and Renault are pictured at a dealership. (Reuters)

Renault sold its majority stake in carmaker Avtovaz in May to the Russian state for reportedly just one rouble, but with a six-year option to buy it back. It sold its plant south of Moscow, now renamed the Moscow Automobile Factory Moskvich, for another rouble.