GM to suspend production at its Russian plant for two months

General Motors Co (GM.N) will suspend production at its St. Petersburg auto assembly plant in Russia from mid-March to mid-May and is raising prices for its products because of the weak and volatile Russian rouble, a company spokesman said on Thursday. Russia's weak rouble and struggling economy were cited on Thursday by Ford Motor Co (F.N) as major reasons the company lowered expectations for its European business in 2015. In addition, Volkswagen AG's (VOWG_p.DE) labor chief said on Thursday the company lost hundreds of millions of euros in Russia because of the decline of the rouble. The St. Petersburg plant is the only one GM fully owns in Russia.

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