ThunderBlade + 231 TB June 7, 2019 Ford Motor Co is ready to sell its idle Russian plants and sees interest from potential buyers, the carmaker’s Europe chairman said in St. Petersburg on Friday. The company had announced 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. “We are open to discuss potential sales to other companies,” said Steven Armstrong on the sidelines of the International Economic Forum. “We have had interest from a number of different companies.” 1 Quote Share this post Link to post Share on other sites
Pavel + 384 PP June 7, 2019 Ford Vehicles Sold to Dealerships 2018 2,540 K 🇺🇸US 1,533 K 🇪🇺Europe 731 K 🇨🇳China 387 K 🇬🇧UK 313 K 🇩🇪Germany 295 K 🇨🇦Canada 235 K 🇧🇷Brazil 98 K 🇮🇳India 86 K 🇦🇷Argentina 69 K 🇲🇽Mexico 65 K 🇹🇷Turkey 65 K 🇦🇺Australia51 K 🇷🇺Russia 1 1 Quote Share this post Link to post Share on other sites
pinto + 293 PZ June 7, 2019 Worst case scenario: Ford losing $ 400M, and closing factories in Germany, France and Russia. Quote Share this post Link to post Share on other sites
francoba + 93 fb June 7, 2019 Bad news are coming together... http://fortune.com/2019/06/06/ford-will-shutter-u-k-engine-plant-extending-string-of-closures-across-europe/?utm_source=twitter.com&xid=soc_socialflow_twitter_FORTUNE&utm_campaign=fortunemagazine&utm_medium=social 1 Quote Share this post Link to post Share on other sites
damirUSBiH + 327 DD June 7, 2019 Declining sales mean Ford have lost $ 398 million in Europe, and they are restructuring operations across Europe and Russia. So, key word is "restructuring". It's a corporate-speak for closures and job losses. Closure of plants in France, Germany and Russia. Also, Brexit has caused a reduction in car sales of some models. 1 Quote Share this post Link to post Share on other sites
Ward Smith + 6,615 June 7, 2019 If only Ford would learn to build the cars people in Europe want, instead of continually repackaged "Fiesta" models. 1 Quote Share this post Link to post Share on other sites
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