General Motors says troubled Opel/Vauxhall unit is on track to achieve a turnaround despite headwinds from Russia.

GM said on Thursday that third-quarter losses at its European operations, which mainly comprise Opel and British sister brand Vauxhall, widened to $387 million from a $238 million loss in the previous year’s period. This was due largely to Russia, where the company booked $194 million in write-downs, and includes about $100 million in losses related to currency effects that likely reflected the drop in the value of the Russian ruble.