Russia's VEB says ready to invest in Ford-Sollers JV

Newswire

MOSCOW, Feb 23 (Reuters) - Russia's state development bank VEB said it was ready to invest into a joint venture of the Russian car maker Sollers and Ford . "We are ready to participate but we do not yet have an agreement with the partners," VEB's chief executive Vladimir Dmitriev told journalists. Earlier in February, Sollers said it had dropped joint venture project with Fiat and instead would team up with Ford as the U.S. car maker seeks to step up its presence in the booming Russian ...

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