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Ford Sollers

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Ford Sollers Holding LLC
Native name
«Форд Соллерс Холдинг» ООО
Company typePrivate joint venture
IndustryAutomotive
Founded1 October 2011; 13 years ago (1 October 2011)
Headquarters
Khimki, Moscow Oblast
,
Russia
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)
OwnersFord Motor Company
Sollers JSC
Websitewww.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 Elabuga the first engine plant of a foreign brand in Russia. 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 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.[5]

Production

Ford Focus 3 facelift in front of the Vsevolozhsk Factory

Vsevolozhsk (Saint Petersburg)

Elabuga

Naberezhny Chelny

References

  1. ^ a b c d e "Бухгалтерская отчётность". Retrieved 24 October 2018.
  2. ^ 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.
  3. ^ "Vsevolozhsk plant Ford Sollers celebrates its 10th anniversary". Autostat.ru. 12 July 2012. Retrieved 7 August 2013.
  4. ^ Trudell, Craig (14 May 2013). "Ford Short of Russian SUVs Adding EcoSport in 2014". bloomberg.com. Bloomberg. Retrieved 7 August 2013.
  5. ^ "Ford to shut three factories, stop making passenger cars in Russia". www.msn.com. Retrieved 2019-03-27.
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