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Opel says its strategy in Ukraine unchanged amid Russia exit

March 22, 2015, 4:51 UTC+3 NEW YORK

Earlier media reports said Opel planned to expand its business in Ukraine

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NEW YORK, March 22. /TASS/. German automobile manufacturer Opel owned by US car giant General Motors has not changed its plans for operations in Ukraine, its representative has told TASS, days after the company announced its withdrawal from the Russian market.

"We have not changed our strategy in regard to the Ukrainian market," the representative said. Earlier media reports said Opel planned to expand its business in Ukraine.

Speaking on this week’s decision to withdraw the Opel brand from Russia, the representative said this is explained mainly due to market factors. "This is not linked to our plans in regard to any neighboring countries," he said.

On Wednesday, General Motors announced it would significantly revise its plans on the Russian market and scrap the majority of projects in the country. Out of its current projects in Russia, GM will only keep GM-AVTOVAZ, a joint venture with Avtovaz, which produces all-wheel drive Chevrolet NIVA offroaders.

General Motors announced that it would close the St. Petersburg plant and halt contract assembly at the facility of Kaliningrad’s Avtotor and Nizhny Novgorod’s GAZ.

The company also decided to withdraw the Opel brand and all the mass models of the Chevrolet brand from the Russian market, keeping only the premium models of the latter and also the Cadillac brand.

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