Ford Sollers: Difference between revisions
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| foundation = {{Start date and age|1 October 2011}} |
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| defunct = |
| defunct = {{End date and age|2022}} |
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| location_city = [[Khimki]], [[Moscow Oblast]] |
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| location_country = [[Russia]] |
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[[Category:Sollers JSC]] |
[[Category:Sollers JSC]] |
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[[Category:Companies based in Moscow Oblast]] |
[[Category:Companies based in Moscow Oblast]] |
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[[Category:2022 disestablishments in Russia]] |
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Revision as of 06:44, 3 April 2022
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Native name | «Форд Соллерс Холдинг» ООО |
|---|---|
| Company type | Private joint venture |
| Industry | Automotive |
| Founded | 1 October 2011 |
| Defunct | 2022 |
| Headquarters | , |
Key people | Adil Shirinov, CEO |
| Revenue | $1.15 billion[1] (2017) |
| −$279 million[1] (2017) | |
| −$234 million[1] (2017) | |
| Total assets | $847 million[1] (2017) |
| Total equity | −$563 million[1] (2017) |
| Owners | Ford Motor Company Sollers JSC |
| Website | www.fordsollers.com/en/ |
Ford Sollers is a joint venture between the American car manufacturer Ford and the Russian Sollers established in 2011. Ford Sollers joint venture is responsible for the production, import and distribution of all Ford brand products, including vehicles, parts and accessories, in Russia.
History
On 1 October 2011, the CEO of Ford Alan Mulally and Sollers' general director Vadim Shvetsov announced the creation of an equally owned joint venture called Ford Sollers to produce Ford-branded cars.[2] The new company took control of the Ford's factory in Vsevolozhsk, near Saint Petersburg, (opened in 2002)[3] and two Sollers' factories in Tatarstan region, one in Yelabuga and the other in Naberezhny Chelny. The head offices/product development centre were established in Khimki, Moscow.[2]
Ford had already been producing the Mondeo and Focus car lines in Vsevolozhsk, near Saint Petersburg, then the first model produced by the venture in Yelabuga was the Ford Transit. Later, at the same location, started the production of the Kuga, and the Explorer. For the Naberezhny Chelny plant, the Ecosport began in 2014, and the Fiesta began in 2015.[4]
In September 2015, Ford Sollers launched at Yelabuga the first engine plant of a foreign brand in Russia.[5] The plant produces three versions of the 1.6L Duratec engine with 85 hp, 105 hp and 125 hp.
Since 2015, Ford Sollers has been realizing social program Driving Skills for Life Academy[6] aimed at teaching safe driving techniques to young drivers.
On 27 March 2019, Ford announced it was restructuring its agreement with Sollers and it will discontinue its passenger vehicle portfolio in Russia to help deliver a more competitive and sustainably profitable business going forward.[7]
On 1 March 2022, Ford announced that it was suspending its operations in Russia, in response to the 2022 Russian invasion of Ukraine.[8]
Production
 | This section needs to be updated. (December 2019) |
Vsevolozhsk (Saint Petersburg)
- Ford Focus (2002–2019)
- Ford Mondeo (2009–2019)
Yelabuga
- Ford Transit (2012–present)
- Ford Kuga (2012–2019)
- Ford Explorer (2012–2019)
- Aurus Senat[9]
Naberezhny Chelny
- Ford EcoSport (2014–2019)
- Ford Fiesta (2015–2019)
References
- ^ a b c d e "Бухгалтерская отчётность". Retrieved 24 October 2018.
- ^ a b "Ford Sollers, the joint venture business equally-owned by Ford and Sollers, is celebrating its first anniversary". Ford Motor Company. 1 October 2012. Retrieved 7 August 2013.
- ^ "Vsevolozhsk plant Ford Sollers celebrates its 10th anniversary". Autostat.ru. 12 July 2012. Retrieved 7 August 2013.
- ^ Trudell, Craig (14 May 2013). "Ford Short of Russian SUVs Adding EcoSport in 2014". bloomberg.com. Bloomberg. Retrieved 7 August 2013.
- ^ http://www.fordsollers.com/en/plants/tatar_plants/engines/
- ^ https://www.dsfl.ru/
- ^ "Ford to shut three factories, stop making passenger cars in Russia". www.msn.com. Retrieved 2019-03-27.
- ^ Hall, Kalea (2022-03-01). "Ford suspends joint-venture operation in Russia". Detroit News. Retrieved 1 March 2022.
- ^ tagesschau.de. "Diese Konzerne ziehen sich aus Russland zurück". tagesschau.de (in German). Retrieved 2022-03-03.
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