Mistura says Homs terror attacks attempt to derail Geneva talksWorld February 26, 5:49
Annular eclipse will be visible in South America, Africa on Feb 26Science & Space February 26, 3:24
HNC expects Trump to correct Obama's mistakes in Syria - delegation headWorld February 26, 3:08
War on terror to dominate Geneva talks — Syrian UN envoyWorld February 25, 23:48
Russian skier wins gold in skiathlon at 2017 FIS Nordic World Ski ChampionshipsSport February 25, 17:46
Top US Air Force general points to growing conflict potential in Syrian airspaceWorld February 25, 17:17
Iran relies on Russia’s support in production of fuel for nuclear power plantsBusiness & Economy February 25, 16:20
Ukrainian military capture Donetsk water purification plant — spokesmanWorld February 25, 15:05
Azerbaijan and Armenia report armed clashes in Karabakh conflict areaWorld February 25, 11:45
MOSCOW, March 18. /TASS/. Withdrawal of Opel models from the Russian market may stimulate growth of Avtovaz production, President of the Russian Union of Industrialists and Entrepreneurs (RSPP) Alexander Shokhin said Wednesday.
"Avtovaz should be happy that it may substitute this segment as GM has it [Opel - TASS] as a budget segment so Lada may well substitute it," he said.
"No doubt there are negative implications as a shutdown of any enterprise and layoffs are not good. Another point is that we should not see some big politics here," Shokhin said, adding that the decision to phase down production may be explained by commercial reasons amid the current drop in demand. At the same time, in case the car market recovers producers may substitute the demand by supplying finished products, he said.
The US-based car producer General Motors said Wednesday it withdraws its Opel brand from the Russian market and minimizes presence of the Chevrolet brand to focus on the premium segment.