GM Will Cease Production Of Opel Brand In Russia
DETROIT (WWJ/AP) - General Motors is bailing out of Russia.
Mainstream GM brands are among the biggest losers in Russia's declining auto market.
Chevrolet production will be cut back significantly and GM's Opel brand will be completely out of the Russian market by December.
The company's plant in St. Petersburg will go dark by mid-year.
TM and © Copyright 2015 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2015 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.
Read more