Russia is going back to the future and reviving a legendary Soviet-era car brand, Moskvich, to save jobs at a Moscow car plant sold by French automaker Renault, APA reports citing Bloomberg.
“The foreign owner decided to close the Moscow Renault plant. That’s its right, but we cannot allow thousands of workers to be left without work,” Moscow Mayor Sergey Sobyanin said on his blog Monday. “I decided to take the plant as city property and resume production of passenger cars under the historic Moskvich brand.”