Mexican Media Brands
Ford to Close Two Assembly Plants in Russia
Ford Motor Co. is expected to announce on Wednesday it is closing two of three factories it operates in Russia as a cost-cutting move, Bloomberg News says.
Share
Ford Motor Co. is expected to announce on Wednesday it is closing two of three factories it operates in Russia as a cost-cutting move, Bloomberg News says.
Reuters reported earlier this month that Ford intended to decide by spring whether to shut down two plants in the country, where it has been losing money for years, as part of its global restructuring.
The company and local partner Sollers PJSC make Focus and Mondeo sedans in Leningrad and Fiesta superminis and EcoSport small SUVs in Tatarstan. A second plant in Tatarstan builds Kuga and Explorer SUVs and Transit commercial vans
The Reuters and Bloomberg reports indicate Ford may shut down everything in Russia except the Transit van line. Bloomberg says Sollers has confirmed the partners are finalizing an agreement about the future of the venture they launched eight years ago.
RELATED CONTENT
-
The Koenigsegg Jesko Has An Amazing Engine
It is hard to believe that this is a vehicle in “serial” production with such extraordinary powertrain performance
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
Choosing the Right Fasteners for Automotive
PennEngineering makes hundreds of different fasteners for the automotive industry with standard and custom products as well as automated assembly solutions. Discover how they’re used and how to select the right one. (Sponsored Content)
