Ford Exits Sollers Ford Joint Venture in Russia

31/10/2022 - 14:00 Ford, Car news IAB Team

Ford Motor Company has finalized the exit of its previously suspended operations in Russia through the sale of its 49 percent share in the Sollers Ford Joint Venture.

Array

The sale follows the full suspension of all operations in Russia, including manufacturing, supply of parts, IT and engineering support, in March this year.

Ford shares will be transferred to the Joint Venture for a nominal value. Ford retains the option to repurchase the shares within a 5-year period, should the global situation change.

More from Ford

Suzuki Swift Sport ZC33S: The Final Chapter for Japan?
21/12/2024 - 13:07
2025 Range Rover Sport Debuts in India at Rs 1.45 Crore
20/12/2024 - 16:48
Toyota Unveils Alphard and Vellfire PHEVs in Japan
20/12/2024 - 13:48
Honda Teases Two Future EVs Ahead of CES 2025 Reveal
19/12/2024 - 17:03
Hyundai IONIQ 5 N Clinches Best EV of 2024 Title
19/12/2024 - 11:58
UAE Buyers Show Rising Interest in Pre-Owned EVs: Audi Abu Dhabi Survey
18/12/2024 - 15:48

पसंदीदा खबरें

Suzuki Swift Sport ZC33S: The Final Chapter for Japan?

IAB Team 21/12/2024 - 13:07

Suzuki has unveiled the Swift Sport ZC33S Final Edition for the Japanese market, marking the end of the third-generation Swift Sport. This limited-production model will be available from March to..
2025 Range Rover Sport Debuts in India at Rs 1.45 Crore

IAB Team 20/12/2024 - 16:48

Range Rover has officially commenced sales of the 2025 Range Rover Sport in India, with prices starting at ₹1.45 crore (ex-showroom). Locally manufactured, the premium SUV is offered in 3.0L Petrol..
Toyota Unveils Alphard and Vellfire PHEVs in Japan

IAB Team 20/12/2024 - 13:48

Toyota is set to revolutionize its premium MPV segment with the launch of the Alphard and Vellfire Plug-in Hybrid Electric Vehicle (PHEV) models in Japan. Sales for these luxurious six-seater PHEVs..
Kia Proceed Gets a Bold Look with Barracuda Voltec T6 Wheels

IAB Team 19/12/2024 - 17:32

When it comes to tuning cars, timeless is a word we don’t hear enough. But every once in a while, a classic design comes along that proves its versatility and enduring appeal, no matter the decade or..

Most Viewed

Suzuki Swift Sport ZC33S: The Final Chapter for Japan?

IAB Team 21/12/2024 - 13:07

Suzuki has unveiled the Swift Sport ZC33S Final Edition for the Japanese market, marking the end of the third-generation Swift Sport. This limited-production model will be available from March to..
2025 Range Rover Sport Debuts in India at Rs 1.45 Crore

IAB Team 20/12/2024 - 16:48

Range Rover has officially commenced sales of the 2025 Range Rover Sport in India, with prices starting at ₹1.45 crore (ex-showroom). Locally manufactured, the premium SUV is offered in 3.0L Petrol..
Toyota Unveils Alphard and Vellfire PHEVs in Japan

IAB Team 20/12/2024 - 13:48

Toyota is set to revolutionize its premium MPV segment with the launch of the Alphard and Vellfire Plug-in Hybrid Electric Vehicle (PHEV) models in Japan. Sales for these luxurious six-seater PHEVs..
Kia Proceed Gets a Bold Look with Barracuda Voltec T6 Wheels

IAB Team 19/12/2024 - 17:32

When it comes to tuning cars, timeless is a word we don’t hear enough. But every once in a while, a classic design comes along that proves its versatility and enduring appeal, no matter the decade or..
Honda Teases Two Future EVs Ahead of CES 2025 Reveal

IAB Team 19/12/2024 - 17:03

Honda is set to showcase two bold EV prototypes from its upcoming Honda 0 Series at CES 2025. Scheduled for a global market debut in 2026, these models signify the brand’s next leap in electric..
5 Key Tips for Safely Enjoying Your New Exotic Car to the Fullest

IAB Team 19/12/2024 - 12:58

If you are like many exotic car enthusiasts, you’re eager to hit the road the moment you get your hands on that shiny new ride. But slow down champ! Supercars generally require an adjustment period..