Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Ford and Sollars to Create a Joint Venture
9.06.2011 14:23
Ford and Sollars to Create a Joint Venture

Russian second-biggest automaker Sollers and Ford Motor signed an agreement to establish a joint venture and car producing in Russia.
      
       According to Vadim Shvetsov, Sollers Chief Executive Officer, the production may reach 350 000 cars a year in 2015, he added, that Sollers ans Ford will also build a new factory to make about 200 000 car engines a year. Companies also collaborate with Vnesheconombank to have a long-term financing of 1,4 billion dollars for the project.
      
       "Ford Sollers will help to build the Ford brand in Russia and support profitable growth, while also strengthening the Russian automotive industry and its local supply base," said Stephen Odell, Ford of Europe chairman and CEO.
      
      
      
       forbes.ru
       manufacturing.automotive-business-review.com


Author: Ksenia Dzhalagonia

Tags: Russian business Russian companies agreement   

Next Previous


You might also find interesting:

TikTok will Host Official Business Webinars in Russia
08.10.2020
Visa: Almost 40% of SMEs Plan to Continue Working Remotely
14.09.2020
Small Businesses will Get Interest-free Loans from Banks
07.04.2020
Moscow will Distribute to Businesses Free Accounts on eBay and Europages
08.10.2020
Russian Educational AI-startup MyBuddy.ai Raised a Million Dollars of Investment
13.04.2020



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share


TAGS:
Vologda  Anastasiya Vertinskaya  Kuril Islands  Novosibirsk  Memorial Museum of Astronautics  Russian regions  Russian circus  interior design  co-working  Exhibitions in Perm  Ore  Power plant   Moscow actions  Primorsky Territory  Zenit St. Petersburg  Aleksandr Sokurov  Symphonic Orchestra  migration in Russia  Festivals in Moscow  TNK-BP  Russian tourism  Lermontov   Mercedes-Benz Fashion Week Russia  Day of Russian Animation  Edgard Zapashny  Russian Cinema  Olympic Truce Wall  Moscow Kremlin   Murmansk Region  Dagestan  system of governmental scientific attestation  The Romanov Family  Historical Exhibitions  Russian business  Hermitage Museum  Republic of Tatarstan  Exhibitions in Moscow  Dmitry Kravchenko expedition  Maxim Konchalovsky  Moscow  Moscow airports  North Caucasus  taxi  St. Petersburg  VDNKh  Numismatics  Old Ornaments  Russian opposition activists  travel to Russia  Russian politics 


Travel Blogs
Top Traveling Sites