GM Leaves Russia, Bought Out by AvtoVAZ

Russia’s largest automotive manufacturer, AvtoVAZ, announced Monday that it plans to buy General Motors out of its regional joint venture. The duo previously assembled Chevrolet-branded automobiles for the local market; however, GM lost interest after the market took a turn for the worse. While sanctions from Western nations and falling oil prices upended Russia’s economy […]

The post GM Leaves Russia, Bought Out by AvtoVAZ appeared first on The Truth About Cars.

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Author: Matt Posky

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