Ford is closing three factories in Russia as it pulls out of passenger vehicle manufacturing in the country, causing heavy job losses.
Ford says it will stop making passenger cars in Russia by the end of June, closing vehicle assembly plants in St. Petersburg and Naberezhnye Chelny, as well as an engine plant in Yelabuga.
A statement from Ford said, “significant employee separations are required.”
The U.S. carmaker blames a slow recovery in the Russian car market after an economic…
Source URL: Ford to Stop Passenger Vehicle Manufacturing in Russia, Closing 3 Factories
Source Website: Advance Engineering – Engineering.com