Mercedes and Ford are leaving Russia.  Like Toyota, Volkswagen and others

Mercedes and Ford are leaving Russia. Like Toyota, Volkswagen and others


Ford has announced that it will leave Russia as soon as it completes the contract to sell 49 percent of the shares of the joint-venture Sollers Ford.

Ford shares will be transferred to the company at par value. The US company added that the deal includes a 5-year option to buy back the shares if “global conditions change”. Read: Russia will turn from a terrorist state into a civilized country. But does anyone else believe that?

Ford, like other manufacturers, halted production in Russia in March, following Russia’s invasion of Ukraine. Ford Sollers has a factory in Jełabuga, Tatarstan, where it produced pre-war Ford Transit vans. Before that, until 2019, the company had two other factories that produced passenger cars. This production has been discontinued for business reasons.

The decision to completely withdraw from the Russian market was also taken by Mercedes. The Russian branch of the concern will be sold to a dealer network called Awtodom.

Renault has already completely withdrawn from Russia, which put AvtoVAZ, the producer of Lada, in a difficult situation. Nissan made a similar decision. Toyota also intends to pull out of Russia, and Volkswagen is looking for an investor to take over its factory in Kaluga.

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