BERLIN--Car makers Audi AG (NSU.XE), Jaguar Land Rover, and
General Motors Co. (GM) have halted new car deliveries to dealers
in Russia as they reconsider business in the country after a sharp
depreciation of the Russian ruble.
Audi, the German premium brand owned by Volkswagen AG (VOW.XE),
said it is holding back deliveries to allow dealers to clear
inventory while the company adjusts pricing on new cars.
"Sales to customers are continuing," a spokesman for Audi said.
"Deliveries to dealers planned for this week have been postponed
until next week while we adjust pricing."
GM, whose Opel unit had hoped that strong sales in Russia would
pull its European business out of the red, also temporarily halted
sales deliveries to Russian dealers, but said its manufacturing
plant in Russia continues to operate.
"Once the volatility of the ruble goes down, normality will
return," a GM spokesman said.
On Wednesday, the Russian unit of Jaguar Land Rover announced
that it was temporarily suspending sales of vehicles throughout its
Russian dealership.
Jeff Bennett and Santanu Choudhury contributed to this
article
Write to William Boston at William.Boston@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires