General Motors Co. said it will retrench in Russia, stopping sales of its mainstream Opel brand and most Chevrolet models in a market where auto sales are plummeting amid political turmoil.
GM’s move is the most drastic to date by a global automaker since the ruble’s collapse last year, after the U.S. and Europe sanctioned Russia following its annexation of Crimea. As inflation surged, car sales dropped 38 percent in February in what Russia’s Association of European Businesses said was “only the beginning.”
