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GM Suspends Delivery of Autos to Russian Dealers

/ Source: Reuters

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First it was no iPads and now no Chevys. General Motors has suspended the delivery of cars to dealerships in Russia in response to a slide in the ruble, the company said on Thursday.

"In view of the volatility of ruble exchange rate and with the aim to manage its business risk, GM Russia has decided to temporarily suspend wholesaling of vehicles to its dealers in Russia as of Dec. 16," GM's European arm Opel, which is responsible for GM Russia, said in a statement. It said all Cadillacs, Opels and Chevrolets already purchased by customers would be delivered at the agreed price, adding it was monitoring the situation. Apple halted online sales of its products in Russia on Tuesday for the same reason.

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