Mexican Media Brands
Report: Ford May Shutter Two Factories in Russia
Ford Motor Co. tells Reuters it will decide this spring whether to shut down two assembly plants in Russia as part of its global restructuring.
Share
Ford Motor Co. tells Reuters it will decide this spring whether to shut down two assembly plants in Russia as part of its global restructuring.
The targeted factories are in Leningrad (Focus and Mondeo sedans) and Tatarstan (Fiesta superminis and EcoSport small SUVs), sources tell Reuters.
The sources say Ford also may stop local production of its Kuga small crossover and Explorer midsize SUV at a second factory in Tatarstan, leaving only Transit commercial van operations there.
Ford and partner OSJC Sollers currently have capacity to build 360,000 vehicles per year in Russia. But sales have lagged in the overall market, and demand is well below capacity.
Last year, Ford sales in the country rose 6% to 53,200 cars and light commercial vehicles in a market that expanded 13% overall, according to the Moscow-based Assn. of European Businesses. Ford sales in January plummeted 44% to 1,700 units.
RELATED CONTENT
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
-
On Zeekr, the Price of EVs, and Lighting Design
About Zeekr, failure, the price of EVs, lighting design, and the exceedingly attractive Karma
-
GM Seeks to Avert U.S. Plant Shutdowns Linked to Supplier Bankruptcy
General Motors Co. says it hopes to claim equipment and inventory from a bankrupt interior trim supplier to avoid being forced to idle all 19 of its U.S. assembly plants.
