b'MAY 16 - JUNE 19, 2022RO/RO SHIPPING 39(IMPACTScontinuedthe WSJ, Bloomberg, Reuters,(EMERGINGcontinued from page 38) and others. The rumored one- from page 38)in the rest of Europe are notruble buyer for AvtoVAZ wasIftheproposalisadopted, impacted. to be none other than Nami,CARBsplanwouldrequire Other Japanese automak- a state-backed auto research35% of new passenger vehi-ers have followed suit. Japa- anddevelopmentcenter.Incle sales to be zero-emission nesemanufacturersMazdasomethingofacaveattovehiclesorplug-inhybrids andHondawilltemporar- theone-rubledeal,Renaultby 2026a mere 3 and half ily stop the exports of theirwouldreportedlyhavetheyearsawayincreasingto newvehiclestoRussia,option to buy back the state innearly 70% by 2030.along with parts and compo- five or six years but at marketOfcourse,forEVsto nents.Mazdamanufacturesvalue rate. move from being a novelty to Mazda CX-5 and CX-9 andThe merits of the Russianthemainstreamwillrequire 6-series sedans at the Dala- arrangementaside,Renaultsamassiveoverhaulofthe vto plant in Vladivostok.decision could have far reachedentiresourcing,manufactur-On March 17 th , Nissan in aRenault Group has suspended activities at its manufacturing plant in Russia. implications.Automakers,ing, assembly and supporting statement said, We have sus- Europe and freezing plans forare suspended as of today. Renault, Nissan, and Mitsubi- supply chain. The ICE (Inter-pended the export of finishedmoreinvestmentsinRussia, Regarding its stake in AvtoVAZ,shihavebeenanallianceasnalCombustionEngine) cars to Russia due to ongoingwhile keeping van productionRenaultGroupisassessingthestrategic partners since 1999.infrastructurehasbeenin logistics challenges, and pro- in Kaluga [Russia] just for theavailableoptions,consider- While the value of the Russianplace for over a century and duction at the St. Petersburglocal market. ing the current environment,one-ruble deal is small potatoesfortheadoptionofEVsto plant has been suspended forwhileactingresponsiblyin comparison to the massivecontinue to accelerate a new three weeks since March 14.t Akem yA utoP lAnt .towards its 45,000 employeesglobal auto markets the allianceinfrastructure and supply chain NissanassembledaroundP leAse in Russia. targets, a schism could alreadywill need to emerge. 45,000 cars at the plant.The cross investments inWhatisunsaidinthebe in the works. OnApril8 th Mitsubishiauto manufacturing in Russia,boardstidyannouncementIn May, Nissan and Renaultev t rAnsitionannouncedithaltedproduc- like Stellantis-Mitsubishi ven- isthatthe68%staketheannounced their own separateBut the transition to EVs tion at the Russian auto plant itture,weredesignedtohelpFrenchautomakerholdsinrestructuringplans,althoughis already well underway. For jointly operates with Stellantis.spreadriskamongpartnersthe Russian company is likeboth companies said they wouldexample,Hondawillinvest On April 22nd, the Amsterdam- while capitalizing on oppor- quicksandthemorethecooperate more closely on carapproximately$40billion based Stellantis, the worlds #4tunities in the emerging autoFrenchautomakerwiggles,production to save costs andoverthenexttenyearsin automakerwithwell-knownmarketinRussia.However,the deeper the problem.Thepotentially save their alliance.electrificationandsoftware brandslikeAlfaRomeo,with the Russian invasion ofWallStreetJournal(WSJ)However, what was clear in thetechnologies, and will launch Chrysler, Citron, Dodge, andUkraineeventshaveoutrunhadreportedthatRenaultannouncements is that the three30EVmodelsgloballyby Fiat,added,Giventherapideventhemostcalculatedintended to continue its Rus- automakers wouldnt be seek- 2030.Perhapsmoretelling dailyincreaseincrosssanc- ofventuresintheRussiansian operations but was burn- ing a merger.oftheEVmarketisrecent tionsandlogisticaldifficul- automotive marketand theing through its cash reserves.Nonetheless, like any threereportsonVW.According ties,StellantishassuspendedrepercussionsoutsidetheThen came the surprise Aprilparty affair, disagreements andto an article in the Financial itsmanufacturingoperationsRussianFederationarejust28 th headlineRenaultwasthelureofnewpartnersisTimes (FT), VWs CFO Arno inKaluga(Russia)toensurebeing felt.sellingitsRussianbusinessvery real. And Renaults greatAntlitzsaid,theautomaker full compliance with all crossTake for example Renault.for a single ruble. The widelyRussianadventurecouldbeplanstodiscontinue60% sanctionsandtoprotectitsOnMarch23rdtheFrenchcirculated report started wasa catalyst to a breakup. Andofitsgasanddieselpow-employees. In a Reuters report,automakers board announced,firstreportedintheRus- manyindustrypunditsfeeleredmodelsinEuropeby Stellantisoutlined,Itwas Renault Group activities in itssianstatemediaoutletRia(IMPACTScontinued on(EMERGINGcontinued moving production to westernmanufacturing plant in MoscowNovostiandpickedlaterbypage 40) on page 41)LIBERTY GLOBAL LOGISTICS LLCThe solution to your cargo needs!516-488-8800 LibertyGL.com Rates: [email protected]: [email protected]'