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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


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