GM to leave Russia, to close its plant and to stop Opel production
The steady deterioration of local economic conditions forces the General Motors Group to disengage from its activities in Russia.
The US carmaker has announced that by mid-2015 will close its plant in St. Petersburg (where Chevrolet Cruze and Trailblazer and Opel Astra are produced), thus putting at risk the future of at least 1,000 workers.
By December, in addition, the Group will wind down the Opel brand in Russia and it will significantly reduce the distribution of Chevrolet licensed vehicles (no longer manufactured locally through the agreement with Gaz).
GM and Opel top executives have explained that today's market conditions do not justify other investments to expand the production base in Russia. But it will not be touched the joint venture with AvtoVaz, to focus on Cadillac premium models.