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GM, Audi and Jaguar halt car sales in Russia on ruble's collapse
2014-12-18 14:38:31| Auto Dealers - Topix.net
MOSCOW -- General Motors Co., Audi and Jaguar Land Rover temporarily stopped selling cars in Russia this week, deciding that taking a timeout from the market was the best way to deal with the ruble's collapse. Automakers are battling a more than 40 percent drop in the value of the ruble since June, Russia's biggest financial crisis since 1998.
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Category:Automotive