GM's Russian operation may collapse

[lovuian]

http://feeds.bignewsnetwork.com/?sid=5ffe0bd764bc8091

General Motors Corp.'s venture with Russia's biggest carmaker, OAO Avtovaz, has suspended production in a dispute about what Avtovaz gets paid.

The dispute comes two months after the Kremlin took over Atovaz and its chief executive said he wanted to reassess terms of the $340 million joint venture.

On Feb. 9 Avtovaz's new chief executive, Igor Yesipovsky, stopped shipping parts to the plant, which makes Chevrolet Niva sport utility vehicles, saying it wasn't being paid enough for the parts.

If negotiations over parts prices are not successful, observers expect Atovaz to buy out GM's 41.5 percent stake in the project.
more...
Poor GM just is learning they do things differently in Russia
:rofl:

[havocmom]

1. Sounds like the Russian Mob is knocking heads with the Mob from Detroit

boo hoo for them. Blaming all their problems on their workers... tsk tsk. How are the unions gonna get blamed for this little management decision gone bad?

[Kolesar]

2. Great News! Our automaker will finally be subdued !! Failure to follow !!