Major US carmaker leaves Russia ...News

Ford has sold its stake in a joint venture, but retains the option to return One of the world’s leading car manufacturers, Ford Motor Company, has sold its business in Russia, the US company said in a statement on Wednesday. Ford “finalized the exit of its previously suspended operations in Russia through the sale of its 49% share in the Sollers Ford Joint Venture,” the statement on the carmaker’s website reads, adding that the shares will be transferred for “a nominal” undisclosed value. However, the company said it could return to the Russian market “should the global situation change,” as under the terms of the

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