General Motors is ending almost all its production in Russia, but others are staying put for now. Russia is the third-largest European car market, but is giving automakers a bumpy ride. The 10% drop in car sales last year paled in comparison that of 2009, when new registrations halved following the financial crisis. Even so, the optimism that sustained international makers through those earlier troughs appears to be running out. General Motors (GM) has announced plans to end nearly all its production in Russia by the end of this year. Other car firms appear to be staying put in the …read more
Source: Business Insider
