Ford gains new tax breaks on Russian-made Focus

Newswire

MOSCOW, July 31 (Reuters) - Ford Motor Co. said on Monday its only factory in Russia had won new tax breaks in place of ones lost earlier this year in a row with the authorities over producing car parts locally. "Cars produced at the company's plant will not require customs clearance from now on," Ford said in a press release issued after signing an agreement with the Economy Ministry. According to the agreement, cars assembled at the factory in St.Petersburg region will be treated as ...

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