Russia’s steep import-vehicle tariffs pushed Ford Motor Co. ZAO to launch production of the Ford Mondeo sedan in St. Petersburg, the auto maker’s president says. A 15%-25% tariff was imposed to aid domestic auto makers, but it has hurt Ford and other foreign manufacturers operating in Russia that rely heavily on imports, says Nigel Brackenbury. However, he adds, Ford’s St. Petersburg plant – which also produces the Ford Focus – gives the auto maker an opportunity to insulate itself from ...
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