/ Ford, Industry, News / Ford Might Suspend Russian Plant Production For Two Months Due to Crimea Situation

Ford Might Suspend Russian Plant Production For Two Months Due to Crimea Situation

Linked In Share
Ford Might Suspend Russian Plant Production For Two Months Due to Crimea Situation

Ford Motor announced it might suspend production at one plant in Russia for almost two months due to the problematic economic and geopolitical conditions caused by the ongoing issues with Ukraine.

Ford Sollers, the US automaker’s Russian joint venture, announced it might suspend production at the assembly plant located near St.Petersburg, which builds the Mondeo midsize and the Focus compact models. Sales of cars have dropped in Russia as one in three new vehicles sold is a SUV, but Ford plans to triple capacity in this market to around 350,000 units in the following years.

“The ongoing weakening of the ruble puts additional pressure on the Ford Sollers business,” Ford Sollers said in a statement. “As always, we are constantly monitoring the overall economic situation and will act according to the changing environment.”

The crisis in Ukraine has affected vehicle sales  in global markets, especially Russia, and worsened the economy. In 2013 vehicle sales in Russia reached 2.78 million units, a decrease from 2.93 million sold in 2012. There are slight chances for Russia to manage to surpass Germany and become the top auto market in Europe by the end of this year, according to the Association of European Businesses in Russia.

read more: Russia: New car sales may fall 6.5 pct in 2014 – minister

Some analysts predict that vehicle sales in Russia might reach 3.5 million units, while other, more optimistic, even think the number might reach 4 million units. Still, it has to be taken into consideration the fact that new vehicle sales in Russia reached a nine month slide in 2013, which hit the bottom in December when the government credit incentive program ended.

 

by Mircea Serafim (my Google+) - Tuesday, March 18th, 2014 - filed under Ford, Industry, News. Image credit: .
Linked In Share
Related Articles
cars russia Crimea Ford Motor russia ford Sollers geopolitical problems production stop russia


Discuss: Ford Might Suspend Russian Plant Production For Two Months Due to Crimea Situation

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Top 10 Ferrari drivers: 10. Nigel Mansell
Top 10 Ferrari drivers: 10. Nigel MansellThe English bloke won the Italian tifossi through his sheer determination, total attack power and courage. He lacked the ...
Portable head-up display unit controlled by voice & gestures
Portable head-up display unit controlled by voice & gesturesDescribed as “Google Glass for your car”, Navdy is a portable head-up display unit that works in almost every vehicle, which ...
Wireless Phone Charging Pad from Cadillac
Wireless Phone Charging Pad from CadillacCadillac says that charging our phones with complicated plugs, twisted cords and bulky chargers will stay in our past starting ...
2015 Porsche Cayenne launched in Australia
2015 Porsche Cayenne launched in AustraliaPorsche has introduced the 2015 Cayenne in Australia where the cheapest version, the Cayenne Diesel, will be setting you back for ...
[VIDEO] BMW i3 gets a tricky commercial
[VIDEO] BMW i3 gets a tricky commercialBMW has released a new commercial video with the i3 which is showing the electric city hatchback in a whole new light. The ...
2015 Smart ForTwo, ForFour to start deliveries in November
2015 Smart ForTwo, ForFour to start deliveries in NovemberThe new generation of the Smart ForTwo and Smart ForFour will start their deliveries this November and in Germany the smallest ...
BMW X4 M40 spied
BMW X4 M40 spiedA new top of the line version of the recently unveiled BMW X4 has been recently caught on camera by our spy photographers and it ...
BMW 3-Series facelift spied in Sedan and Touring versions
BMW 3-Series facelift spied in Sedan and Touring versionsOur spy photographers have managed to capture the facelifted version of the BMW 3-Series on camera for the very first time in ...
Audi and Chrysler to be punished for breaking anti-monopoly law
Audi and Chrysler to be punished for breaking anti-monopoly lawChina stated that foreign car makers Audi and Chrysler are to be punished together with 10 Japanese spare-part makers for ...
Tesla solves trademark debate in China
Tesla solves trademark debate in ChinaThe U.S. electric carmaker Tesla Motors Inc. has resolved a trademark disagreement in China, removing an obstacle which could ...
GM China sales up 13%
GM China sales up 13%General Motors Co., which has China as its biggest selling market, revealed a 13% increase in sales last month, with Chevrolet ...
Fiat 500 Abarth by Road Race Motorsports unveiled
Fiat 500 Abarth by Road Race Motorsports unveiledThe aftermarket specialists from Road Race Motorsports have officially pulled the wraps of a modified version of the Fiat 500 ...
Recall roundup: Fiat 500 in Australia
Recall roundup: Fiat 500 in AustraliaFiat has officially announced a recall for the 500 city cars in Australia because of a problem with the vehicles’ ...
Aston Martin Vanquish and Rapide S get updated
Aston Martin Vanquish and Rapide S get updatedAston Martin has announced a series of updates for the Vanquish and for the Rapide S, whose deliveries will begin in the third ...
[VIDEO] McLaren 650S accelerates from 0 to 300 km/h
[VIDEO] McLaren 650S accelerates from 0 to 300 km/hA McLaren 650S has been recently taken to a speed of up to 300 km/h and the whole “attempt” has been recorded on ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

portable head-up display unit 1
Spy-Shots of Cars
Spy-Shots of Cars
fiat 500 abarth road race motorsports tuning 1
2015 Aston Martin Rapide S in Divine Red_1
porsche 918 spyder weissach edition cannes 1
bmw 3-series high line special edition australia 1
mso mclaren 650s spider 1
opel zafira tourer 1.6 cdti ecoflex 1
2015 chevrolet colorado 1
Mercedes-Benz S600 Guard 1
hennessey venom f5 1

More automotive from inautonews
The English bloke won the Italian tifossi through his sheer determination, total attack power and courage. He lacked the charisma, although he was one of the few drivers to win a race for Ferrari on debut. In 1989, he was the Autocourse driver of the year, ahead of Prost and Senna... His first ...
read more
Inautonews Editors Section
Top 10 Ferrari drivers: 10. Nigel Mansell
Top 10 Ferrari drivers: 10. Nigel MansellThe English bloke won the Italian tifossi through his sheer determination, total attack power and courage. He lacked the charisma, although he was ...
Review – Hungarian GP 2014 Ricciardo strikes again
Review – Hungarian GP 2014 Ricciardo strikes againDaniel Ricciardo’s first win was a lucky one, benefitting from the technical issues encountered by the Mercedes pair. His second win also had a ...
Hungaroring – the trip is worth every penny
Hungaroring – the trip is worth every pennyAll those who went to the Hungaroring for their first race on site had plenty of action to see. They will come back with high expectations, after a ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: Fiat 500 in AustraliaFiat has officially announced a recall for the 500 city cars in Australia because of a problem with ... Life sentences for auto execs who delay recalls?Claire McCaskill, U.S. Democratic Senator has proposed a new bill for the automotive execs who keep ...
Safety Section