Auto
Ford Exits Sollers Ford Joint Venture In Russia Following Seven Month Suspension Of Operations
Ford Motor Company has finalized the exit of its previously suspended operations in Russia through the sale of its 49 percent share in the Sollers Ford Joint Venture.
The sale follows the full suspension of all operations in Russia, including manufacturing, supply of parts, IT and engineering support, in March this year.
Ford shares will be transferred to the Joint Venture for a nominal value. Ford retains the option to repurchase the shares within a 5-year period, should the global situation change.
About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for and deepen the loyalty of those customers. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, as well as connected services. Additionally, Ford is establishing leadership positions in mobility solutions, including self-driving technology, and provides financial services through Ford Motor Credit Company. Ford employs about 182,000 people worldwide. More information about the company, its products and Ford Credit is available at corporate.ford.com.
Source – Ford
Brewing Excellence’ – Emirates offers a world class range of coffee to connoisseurs
Celebrating International Coffee Day on 1 October, Emirates highlights the wide array of artisan coffee served in Emirates lounges and...
Emirates’ Premium Economy to extend to São
Premium Economy to be introduced on Emirates’ A380 service to São Paulo from 19 November, representing the first in Emirates’...
Metro Bank Women’s Team of The Year Announced
Best domestic XI selected by PCA MVP Rankings, powered by Argentex Georgia Adams captains the 2023 Metro Bank PCA Women’s...
Honda and Acura Electric Vehicles Will Have Access to Largest EV Charging Networks in North America Aided by New Agreements with EVgo and Electrify America
New agreements add single-app access to EVgo and Electrify America charging networks, plus roaming partners, through the HondaLink® and Acura...
Oracle Partners with TELMEX-Triara to Become the Only Hyperscaler with Two Cloud Regions in Mexico
Oracle opens new region in Monterrey in partnership with Teléfonos de México (TELMEX-Triara) and continues expanding its global cloud region...
Cosmic Web Lights Up in the Darkness of Space
Like rivers feeding oceans, streams of gas nourish galaxies throughout the cosmos. But these streams, which make up a part...
75% of Companies Struggling with IT Operational Challenges in a Hybrid World
HP Inc. (NYSE: HPQ) announced the findings of a new commissioned study, conducted by Forrester Consulting, highlighting the need for...
Visa Program Combats Friendly Fraud Losses For Small Businesses Globally
Visa Inc. (NYSE:V), a world leader in digital payments, spotlighted the evolution of its dispute program, making it easier for...
New study measures the coca-cola system’s u.s. Economic contributions at $57.8 billion in 2022
In the United States, The Coca‑Cola Company and 64 independently owned bottlers, collectively the Coca‑Cola system, contributed $57.8 billion in...
Court approves ANZ and ASIC settlement relating to credit card cash advance fees being charged in some circumstances
Further to a release on 30 May 2022,[1] ANZ announced that the Federal Court of Australia has approved its agreement...
-
Auto1 year agoHonda Marine Debuts All-New BF350 Outboard Company’s First V8 Motor Available Commercially, Flagship Model Offers Premium Power and Unparalleled Performance for Extraordinary Boating Experiences
-
Auto2 years agoBentley Breaks Ground On New Launch Quality Centre And Engineering Technical Centre
-
Technology1 year agoNew Global Study: 1 in 2 Executives Experiencing “Resiliency Gap”
-
Lifestyle1 year ago2023 Nike World Basketball Festival Brings the Best of Basketball Style, Culture and Community
-
Health2 years agoCOVID-19 Is A Leading Cause Of Death In Children And Young People In The United States