Ford has finally left Russia, but can return
- October 27, 2022
- 0
On the website of the Ford group, a message appeared that the company had left the Russian market. The automaker sold its 49% stake in the Sollers Ford
On the website of the Ford group, a message appeared that the company had left the Russian market. The automaker sold its 49% stake in the Sollers Ford joint venture to a Russian partner. However, the Americans can return.
Nothing fundamentally changed, because in early March 2022, Ford announced the cessation of work in Russia. At the same time, in Yelabuga they stopped producing commercial “Transits”. The shutdown not only affected the assembly of machines, but also technological support, various IT works and the supply of components. So the current sale of shares only confirmed the end of the partnership.
However, a complete break in relations did not follow. Americans retain the right to repurchase stocks within a 5-year period if the situation in the global economy changes.
Nothing fundamentally changed, because in early March 2022, Ford announced the cessation of work in Russia. At the same time, in Yelabuga they stopped producing commercial “Transits”. The shutdown not only affected the assembly of machines, but also technological support, various IT works and the supply of components. So the current sale of shares only confirmed the end of the partnership.
However, a complete break in relations did not follow. Americans retain the right to repurchase stocks within a 5-year period if the situation in the global economy changes.
Source: Avto Vzglyad
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
