GM’s Opel to walk out Russia, shut down plant

 

GM's Opel and Chevrolet brands can quit the market and cooperation with Russian carmakers are going to be broadly speaking terminated.General Motors' Opel division can exit the plunging Russian autos market and abandon production its plant in St.Petersberg by the tip of the year Cited by  Opel CEO Karl-Thomas Neumann.

Car sales are falling quick as Russia's fragile economy and weakening currency are hit by Western sanctions over the conflict in Ukraine  and patrons delay creating massive purchases.

Source: Autobei