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GM refused to sell plant in St. Petersburg to another investor

General Motors fully halted and mothballed production at its Russian plant in St. Petersburg on July 1, 2015

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ST. PETERSBURG, August 22. /TASS/. US automobile giant General Motors refused to sell its production site in St. Petersburg and did not approach the city government regarding potential de-mothballing of the facility halted in 2015, Chairman of the municipal industrial policy and innovations committee Maxim Meiksin told TASS on Monday.

"No, we were not approached. A refusal was given to the proposal to sell the site to another investor," the official said.

General Motors fully halted and mothballed production at its Russian plant in St. Petersburg on July 1, 2015. The company may return to the Russian market in two-three years, department head in the Russian Ministry of Industry Alexander Morozov said earlier citing head of GM Russia Susanna Webber.

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