Ford to leave Russian car market, cede control in joint venture

  • 📰 Reuters
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Ford Motor Co's Russian joint venture Ford Sollers will close two assembly ...

MOSCOW - Ford Motor Co’s Russian joint venture Ford Sollers will close two assembly plants and an engine factory in Russia, exiting the country’s passenger vehicle market, resulting in charges of about $450 million to $500 million.

Industry sources told Reuters this month that Ford was considering closing Russian plants as it was reviewing operations in unprofitable regions. A restructured Ford Sollers will focus on commercial vehicles, while passenger vehicle production will cease by the end of June, the companies said. Sales of new cars in Russia are expected to rise 3.6 percent this year, marking a slowdown from last year, according to an estimate from the Association of European Businesses lobby group.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

'Very nice you build factories in mother Russia' Vlad told Mr. Ford. 'I have take ownership now. You go.'

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 2. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Ford to exit Russian passenger car market, cede control in JVFord Motor Co's Russian joint venture Ford Sollers will close two assembly ... Yayayayya All America car manufactures shoupd Leave Russia
Källa: Reuters - 🏆 2. / 97 Läs mer »

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
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »