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GM to Close Russian Assembly Plant
Keywords:
GM takes a $600 million charge in the 1st quarter with the decision by CEO Mary Barra to close the plant in St. Petersburg, Russia. GM's market share in Russia had declined from over 9% to 7.4%, and the sharp decline in the Russian auto market made Russia an unattractive proposition as GM focusses on improving profitability in Europe.
GM Russia
04/07/2006
GM in the Russian auto market.
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GM to Close Russian Assembly Plant
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U.S. and European business in Russia following the intervention in Crimea and western sanctions
03/07/2014
American and European companies including GM, Ford, Renault, Deere, have manufacturing operations in Russia. With the ruble dropping and higher inflation, Western businesses are nervously watching the crisis in U.S. and E.U. relations with Russia, including the impact of sanctions.
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Western Businesses in Russia, Watchful and Wary
New York Times 03/07/2014
Russia Moves Closer to Absorbing Crimea, Despite Sanctions
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In Cold War Echo, Obama Strategy Writes Off Putin
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Raising Stakes on Russia, U.S. Adds Sanctions
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Exxon Mobil Moves Ahead With Russian Oil Drilling Project
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Coordinated Sanctions Aim at Russia’s Ability to Tap Its Oil Reserves
New York Times 07/29/2014
Russia's automobile market
08/26/2010
Grouped Articles
Russia's Auto Market Picks Up Speed
Wall Street Journal 08/26/2010
Ruble Pressures Auto Makers to Rethink Russia Business
Wall Street Journal 12/19/2014
Russian Car Sales Skid Lower Amid Economic Gloom
Wall Street Journal 02/10/2015
GM to Close Russian Assembly Plant
Wall Street Journal 03/19/2015
Russia's Auto Market Shines Amid Gloom
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Can Imported CEO Fix Russian Cars?
Wall Street Journal 03/20/2013
The GAZ Group and manufacture of light commercial automobile vehicles in Russia
08/26/2010
Grouped Articles
Russia's Auto Market Picks Up Speed
Wall Street Journal 08/26/2010
Ruble Pressures Auto Makers to Rethink Russia Business
Wall Street Journal 12/19/2014
Russian Car Sales Skid Lower Amid Economic Gloom
Wall Street Journal 02/10/2015
GM to Close Russian Assembly Plant
Wall Street Journal 03/19/2015
Can Imported CEO Fix Russian Cars?
Wall Street Journal 03/20/2013
Running a joint venture in Russia- GM-AvtoVaz
12/08/2007
Grouped Articles
GM Russian Car Venture Is Pleasant Surprise
Wall Street Journal 10/31/2012
Renault-Nissan Buy Into Russia's Aged Auto Giant
Wall Street Journal 05/04/2012
Renault Deal in Russia Shows Kremlin Tactics
Wall Street Journal 03/21/2008
Avtovaz, Largest Carmaker in Russia, Considers Laying Off 27,000 Workers
New York Times 07/29/2009
Wall Street Journal 10/13/2009
Renault Plans a Partnership in Russia
Wall Street Journal 12/08/2007
GM (General Motors) closing of its plant in St. Petersburg, Russia, in 2015
03/18/2015
GM takes a loss of $600 million in the 1st quarter of 2015, with the decision by GM CEO Mary Barra to close the plant in St. Petersburg. GM's market share has declined in Russia from 9% to 7.4% and GM CEO Barra focussed attention on making European operations profitable at a time of rapid decline in the Russian automobile market.
Grouped Articles
GM to Close Russian Assembly Plant
Wall Street Journal 03/19/2015
G.M. Exiting Russia, for the Most Part
New York Times 03/18/2015
The expected sales decline of 35% for 2015 in Russia's automobile market with the sharp decline in the ruble
02/09/2015
International automakers raised prices by as much as 56%, according to PwC. With the sharp decline in the ruble auto sales fell by 24% in January 2015. Sales are expected to be down by 35% for 2015, according to PwC.
Grouped Articles
Russian Car Sales Skid Lower Amid Economic Gloom
Wall Street Journal 02/10/2015
Ruble’s Fall Tests Governor of Russia’s Central Bank
New York Times 02/09/2015
How Looming Recession Is Unsettling One of Russia’s Boom Cities
Wall Street Journal 03/17/2015
GM to Close Russian Assembly Plant
Wall Street Journal 03/19/2015
Changing Course, Russia Will Sell Rubles Instead of Buying
New York Times 05/14/2015
Overheard: Ruble in the Rubble
Wall Street Journal 08/25/2015
The 39% drop in Russia's auto sales in 2015 with the economic crisis- withdrawal of GM and other manufacturers
02/10/2015
Linked Articles
GM to Close Russian Assembly Plant
Wall Street Journal 03/19/2015
Russian Car Sales Skid Lower Amid Economic Gloom
Wall Street Journal 02/10/2015
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