Ford to exit Russian passenger car market, cede control in JV

FILE PHOTO: Employees make a final check of a Ford Focus at a Ford Sollers, U.S. carmaker Ford's joint venture with Russian partners, factory in Vsevolozhsk, Leningrad region, Russia July 7, 2015. Picture taken July 7, 2015. REUTERS/Igor Russak/File Photo

The move is part of a restructuring that will see Russia’s Sollers assume control of the venture, which is currently led by the U.S. automaker, the companies said in a statement on Wednesday. “The new Ford Sollers structure supports Ford’s global redesign strategy to expand our leadership in commercial vehicles and to grow the business in Europe in those market segments that offer better returns on invested capital,” Steven Armstrong, president, Ford of Europe, said in the statement.

All America car manufactures shoupd Leave Russia

Yayayayya

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Ford names Amazon and Snap veteran Tim Stone as new CFO, continuing the company's push closer to Silicon ValleyTim Stone's hiring continues CEO Jim Hackett's drive to push Ford closer to Silicon Valley. Stone had worked at Amazon and Snap. Oh no $F
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »