General Motors leaves the Russian market

General Motors leaves the Russian market


 

RusAutoNews.- As announced by the Cadillac Russia press office, General Motors extends suspension of operations in Russia.

Due to the crisis in Ukraine and resulting US and international sanctions, GM is taking further actions to extend the suspension of operations in Russia,” stated in the announcement.

The newspaper Kommersant has reported that General Motors has begun laying off employees at its Russia office. In addition, in a notice sent to GM dealers, the company has suspended the supply of cars and spare parts, which are banned by US sanctions.

GM is the first foreign automaker to leave Russia after the outbreak of the conflict in Ukraine.