The effects of the Ukraine War on the European car market
The war in Ukraine complicates employee-employer relationships
Renault in particular has been in a tough spot. The company has 45,000 employees based in Russia, and the company has been clear that it does not support Russia taking military action against the people of Ukraine.
In April of 2022, Renault sold its Russian facility to a non-automotive manufacturer, Nami. Renault has the option to buy back their company within the next five to six years, depending on the outcome of the conflict and if Renault is interested in operating once more in Russia.
The War’s effect on the European supply chain
When a war breaks out, manufacturers aren’t exactly given a timeline for when it will start, or when it will be finished. So, when the Ukraine War began, freight ships and trucks had vehicles that were destined for Russia or Ukraine, but couldn’t make it to either country.
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