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Ford Ready To Sell Russian Plants

Credit: Wochit
Published on June 7, 2019 - Duration: 00:39s

Ford Ready To Sell Russian Plants

According to the Automotive News, Ford said it is ready to sell its idle Russian plants and has had interest from potential buyers.

Ford of Europe Chairman Steven Armstrong said recently, "We are open to discuss potential sales to other companies.” Ford said in March that its Russian joint venture Ford Sollers would close two assembly plants and an engine factory in Russia, exiting the country's passenger vehicle market.

Ford's passenger-vehicle production in Russia will cease by the end of June following the closure of its car plants in Naberezhnye Chelny and Vsevolozhsk.

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