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William Maley

GM News: GM Making Major Changes in Russia

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General Motors is making some major changes in Russia. The automaker announced today that it will withdraw Opel and mainstream Chevrolet models in December, and focus on the premium segment of the Russian market with Cadillac and iconic Chevrolet models (Camaro, Corvette, and Tahoe).

“This change in our business model in Russia is part of our global strategy to ensure long-term sustainability in markets where we operate. This decision avoids significant investment into a market that has very challenging long-term prospects,” said GM President Dan Ammann.

GM will still offer parts and service for those who own an Opel and mainstream Chevrolet vehicles.

Along with the departure of Opel and certain Chevrolet models, GM will idle its plant in St. Petersburg by the middle of this year.

Source: General Motors

Press Release is on Page 2

Click here to view the article

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I would say Putin is getting his wish to go full Communism again as their supreme dictator. No reason to build auto's there when you cannot get the profits out or have to pay crazy pay off amounts. Too corrupt for bottom cars so might as well sell the high end models with decent profits.

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Is it my eyes or is that cobalt much smaller than the US Cobalt? Talk about disappointing looking car. Looks like a subcompact rather than a compact.

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