Ford's Russia venture to create R&D centre

Newswire

MOSCOW, Sept 26 (Reuters) - Ford Sollers, a joint venture between U.S. automaker Ford Motor Co and Russian carmaker Sollers, is creating a new research and development centre in Russia to adapt Ford vehicles for the local market, the company said on Thursday. Western carmakers including Ford, General Motors, Renault and Fiat have invested heavily in production operations in Russia, betting that the market will grow as people look to update old models. However, ...

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