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Opel pulls out of Russia, GM to focus on Cadillac, 'iconic' Chevys

General Motors is going to realign its priorities in the struggling Russian marketplace, withdrawing its Opel brand and pulling out mainstream Chevrolet models. Instead, the General will take aim at Russia's well-established oligarchy, pushing Cadillac as well as "iconic" Chevrolet models, like the Corvette, Camaro and Tahoe. "This change in our business model in Russia is part of our global strategy to ensure long-term sustainability in markets where we operate," GM president Dan Ammann said in a statement. "This decision avoids significant investment into a market that has very challenging long-term prospects." Russian customers interested in an Opel or mainstream Chevys like the Spark, Aveo (the US market Sonic), Cobalt (shown above), Cruze, Orlando and the like have until December to snap up a car before the brands are pulled. "We do not have the appropriate localization level for important vehicles built in Russia and the market environment does not justify a major investment to further localize." Opel Group CEO Karl-Thomas Neumann said. GM will continue to offer service to customers in Russia. "We can assure our customers that we will continue to provide warranty, parts and services for their Chevrolet and Opel vehicles," Neumann said. Beyond realigning its brands in Russia, GM also announced that it would also be idling the company's factory in the country's second-largest city, St. Petersburg. This is the second time the St. Petersburg factory has been in the news – GM announced that it'd be idled for roughly two months back in February. Scroll down for the official press release from GM. GM to Change Business Model in Russia 2015-03-18 Focus on Cadillac and iconic Chevrolet vehicles Wind down Opel brand and sale of mainstream Chevrolet cars Idle GM Auto manufacturing facility in St. Petersburg Part of GM's strategy to ensure long-term sustainability in global markets DETROIT – General Motors today announced plans to change its business model in Russia. GM will focus on the premium segment of the Russian market with Cadillac and U.S.-built iconic Chevrolet products such as the Corvette, Camaro and Tahoe. The Chevrolet brand will minimize its presence in Russia and the Opel brand will leave the market by December 2015. "This change in our business model in Russia is part of our global strategy to ensure long-term sustainability in markets where we operate," said GM President Dan Ammann.

VW Finds CO2 'Irregularites', SEMA Recap, and More | Autoblog Minute

Volkswagen's diesel emissions scandal gets a new wrinkle, US regulators hit Takata Corporation with a substantial fine, and we head to Vegas for a look at tuner paradise at the 2015 SEMA show. Autoblog Senior Editor Greg Migliore reports on this edition of Autoblog Minute Weekly Recap. Acura Chevrolet Honda Mazda Mitsubishi Toyota Autoblog Minute Videos Original Video Acura Legend

See the new COPO Camaro's awesomeness from many angles

Considering that the COPO Camaro exists solely to drag race, the action you'll see in this video comes as little surprise. Still, Chevrolet Performance wants to prove that the 2016 model, which uses on the sixth-gen body, is just as adept launching down the strip as previous COPOs. This example may still be testing, but its 427-cubic-inch V8 performs like a champ. The engine's raw muscle, at least when coupled with suitably wide and sticky tires, is enough to lift the front wheels when the driver puts the hammer down off the line. This video from Chevy Performance shows off all the drag-strip action from several unexpected angles. You can watch the rear axle at work and even see the engine under the hood during the run. Our personal favorite is the shot of the launch from underneath the car – it's a perspective you never usually get to see. And, naturally, there are lots of great angles showcasing the car's massive burnout potential. The 2016 COPO Camaro debuted at SEMA in 2015. Buyers have a choice of three V8s, and all of them come with a three-speed automatic gearbox, solid rear axle, and adjustable suspension. Relish this opportunity to see the 2016 COPO Camaro at work, but remember, it's a rare beast. As in years past, Chevy plans to build just 69 of them. Over 5,500 people applied to get one in 2016, and the first example brought $300,000 for charity. Related Video: