Ford sold its stake in a joint venture with Russian Sollers with a five-year buyback option (October 26, 2022)

Ford Motor Company has completed the exit from the capital of a joint venture with the Russian automotive group Sollers – Sollers Ford LLC. The company sold its 49% stake in the joint venture.

According to the press service of the American auto concern, the share will be transferred to the Russian legal entity of the enterprise at a nominal value.

“Ford maintains a buyback option for 5 years if the global situation changes,” the press release said.

It is explained that the sale followed the complete suspension of all operations of the automaker in the Russian Federation, including the production of Ford Transit cars, as well as the supply of parts, IT and technical support, in March 2022.

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