GM stops exporting cars to Russia

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GM stops exporting cars to Russia
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Cutting off exports to Russia will not be terribly costly to GM, though. GM only sells about 3,000 vehicles a year in Russia through 16 dealer locations there, according to a GM spokesperson.

That's out of more than 6 million vehicles the company sells annually worldwide. GM currently has no manufacturing facilities in Russia, so most of the vehicles it sells there are imported from US factories, while some are brought in from South Korea.

The list of global sanctions on Russia for the war in Ukraine"GM is committed to complying with the laws and regulations of the markets in which we do business, including applicable US economic sanctions and export control laws and regulations," the company said in a statement.GM operates a national sales company for Russia and other former Soviet nations. The automaker said it is halting exports to Russia"until further notice.

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