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GM pulls out of Russian car assembly business with AvtoVAZ deal

According to the agreement, the factory will continue producing and selling cars under the Chevrolet brand for "a certain period of time" before switching to Russia's Lada brand. (Terry Kosdrosky)
GS
By:
GLEB STOLYAROV and ALEXANDER MARROW
R
By:
Reuters
|
December 09, 2019 01:51 PM

MOSCOW -- Russia’s biggest automaker AvtoVAZ said on Monday it would buy out General Motors from their joint venture producing vehicles in Russia under the Chevrolet brand, effectively ending GM’s presence in car assembling in the country.

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