Ford sells stake in Russia business, joining carmaker exodus

Ford Russia — Ford in 2019 exited Russia's passenger-car market to focus on light commercial vehicles. (Andrey Rudakov/Bloomberg)

By:

Bloomberg

October 26, 2022 06:37 PM

Ford sold its 49 percent stake in the Sollers Ford joint venture, finalizing its exit from Russia after suspending operations in the country earlier this year after Moscow’s invasion of Ukraine.

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