Ford to quit Russian passenger car market

A finished Ford Focus is seen at a Ford Sollers, US carmaker Ford's joint venture with Russian partners, at a factory in Vsevolozhsk in the Leningrad region of Russia. File photo: REUTERS/IGOR RUSSAK

The move is part of a restructuring that will see Russia’s Sollers assume control of the venture, which is currently led by the US carmaker, the companies said on Wednesday. People walk near a factory of Ford Sollers, a joint venture of US carmaker Ford with Russian partners, in Vsevolozhsk, Leningrad Region, Russia. File photo: REUTERS/ANTON VAGANOV

Ford was the first international carmaker to launch vehicle assembly in Russia, opening a plant in St Petersburg in 2002. In 2011, it set up a joint venture with Sollers in which Ford and Sollers each hold a 50% stake, but Ford has controlled the business since buying up preferred shares.

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First witness to testify at Ford Kuga inquest - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The first key witness on the scene when a Ford Kuga vehicle caught fire at Wilderness outside George in the Western Cape three years ago, leading to the death of Reshall Jimmy, is expected to testify in the High Court in Cape Town on Monday.
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