Ford to Build Cars in Russia

By: AP
By: AP

DETROIT -- Ford Motor Co. says it has finalized a deal with Russian automaker Sollers to build cars and other vehicles in Russia.
The companies have lined up $1.4 billion in financing from the Russian development bank for the 50-50 joint venture called Ford Sollers.
The venture is scheduled to start operating later this year.
Ford says the companies signed the deal Wednesday in Moscow with Russian Prime Minister Vladimir Putin.
Ford Sollers operations will include a Ford factory near St. Petersburg that now builds the Focus compact and Mondeo midsize car. Also included are two Sollers factories in Russia.
Ford says the plants will make a variety of cars and commercial vehicles including the Ford Transit van.

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  • by Mikehunt Location: Center on Jul 13, 2011 at 01:50 AM
    I wonder if sarah palin was watching from her front porch when Putin signed the contract.
  • by Anonymous on Jun 8, 2011 at 04:02 PM
    As bad as we need JOBS this happens.I don't know why our gov allows.what is in it for them.Money makes bigger money,by cheap labor and all that stuff.this country is failing,started 2 presidents ago. 8 yrs of bush started high oil prices that now will never come down.This country can't handle the high gas prices and will bring us to our knees.
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