Ford, Russia's Sollers to invest $1.4 bln in joint venture
Russian carmaker Sollers and U.S. auto giant Ford will invest $1.4 billion in a new joint venture to 2020, which will double Ford's market share in Russia within five years, Russian business daily Kommersant said on Tuesday.
On February 18, Sollers signed a memorandum of understanding on setting up a car production joint venture with Ford in Russia, halting talks on setting up a joint venture with Italian car maker Fiat SpA. The issue of intellectual property had been a major stumbling block in negotiations with the Italian auto maker because Fiat refused to grant its Compact White platform to Sollers, Kommersant said.
For more read here
http://en.rian.ru/business/20110222/162713776.html
Russian carmaker Sollers and U.S. auto giant Ford will invest $1.4 billion in a new joint venture to 2020, which will double Ford's market share in Russia within five years, Russian business daily Kommersant said on Tuesday.
On February 18, Sollers signed a memorandum of understanding on setting up a car production joint venture with Ford in Russia, halting talks on setting up a joint venture with Italian car maker Fiat SpA. The issue of intellectual property had been a major stumbling block in negotiations with the Italian auto maker because Fiat refused to grant its Compact White platform to Sollers, Kommersant said.
For more read here
http://en.rian.ru/business/20110222/162713776.html
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