Ford Motor Company to Leave Russian Market

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Recently it became known that major car manufacturer, Ford Motor Company, will stop its production in the Russian Federation.

Representatives of the company reported the closure of two factories for the assembly and a factory for the production of engines in Russia, resulting in losses incurring in the amount of USD $450 to 500 million.

The main goal of such changes is the need to return to the company’s profitability in short terms and to increase the efficiency of investments in a difficult market situation.