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:

Azbuka Vkusa Chain of Stores will Sale Artificial Meat Produced by the American Beyond Meet Company
28.11.2019
Ufa - the Most Dangerous City in Russia for the Retail and Restaurant Business
26.02.2020
Medical Insurance Startup BestDoctor Raised $ 4.5 Million from International Funds
25.07.2020
The Turnover of SMEs Fell by More than 50% in April
08.05.2020
VkusVill Opened in Netherlands
02.06.2020







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
protest actions  Paleontology  Stay Home Online Events  Russian regions  Manezh Square  travel to Russia  Moscow cinemas  Exhibitions in Samara  Russian Cinema  accommodation in Russia  Ivan Shishkin  Opera  Gadzhi Gadzhiev  Exhibitions in Moscow  Russian tourism  Primorsky Territory  Moscow Kremlin   Festivals in Moscow  Zenit St. Petersburg  Coca-Cola  Russian Literature  Soviet Design  The Best of Russia  Viruses  Kamchatka  New Acropolis Cultural Centre  Novosibirsk  Admirals  Moscow monuments  Sverdlovsk region  Republic of North Ossetia-Alania  Maria Sharapova  Mercedes-Benz Fashion Week Russia  Vladikavkaz  Concerts in St. Petersburg  St. Petersburg  Kulikovo Field Museum  animation  Russian Film Directors  Russian Composers  Archeological Finds  Moscow  Chuvashia  elections in Russia  Russian business  ArtDocFest  Russian sport  accomodation in Moscow  Fyodor Tyutchev  Bakhrushin State Theater Museum 


Travel Blogs
Top Traveling Sites