General Motors has announced plans to retire Opel from the Russian market in December this year.

General Motors has announced plans to retire Opel from the Russian market in December this year.

This decision has been taken as a measure to avoid making an investment in a market with "very challenging long-term prospects." Besides withdrawing Opel, GM has decided to reduce Chevrolet's lineup in Russia to three models: Corvette, Camaro and Tahoe.

The GM Auto plant located in St. Petersburg will terminate production by mid-2015 while the contract assembly of Chevrolet vehicles at GAZ is going to be discontinued sometime this year. The GM-AVTOVAZ joint venture will live on which means the next-gen Chevrolet Niva is still on track to enter production in 2016.

As far as Cadillac is concerned, GM says it will continue in Russia where they estimate a growth in the coming years as a result of launching new models in the near future.

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Opel will exit Russia in December; Chevrolet range reduced