Ford

Ford to exit Russia after joint venture stake sale

Ford to exit Russia after joint venture stake sale

Ford Motor Co said it would exit Russia as it has finalized a deal to sell its 49% stake in the Russia-based Sollers Ford joint venture for a "nominal" undisclosed price. The U.S. automaker took a $122 million …

Ford suspends its operations in Russia

Ford suspends its operations in Russia

U.S. company Ford is suspending its operations in Russia in connection with the events in Ukraine, the company said in a statement on its website on Tuesday. "Given the situation, we have today informed our JV partners that we are …

 Automakers suspend direct sales in Kazakhstan

Automakers suspend direct sales in Kazakhstan

The leader of the Russian automotive industry 'AvtoVAZ' was forced to abandon direct sales of cars in Kazakhstan. It is reported that today only vehicle sets are imported. It should be noted that Ford Sollers and Hyundai Motor …