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Drew Dowdell

Ford News: Ford Retreats from Russia

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Ford will exit Russia's passenger car market and focus solely on the light commercial vehicle market says a report from Bloomberg.  Alligned with those moves, Ford will cease production in the country at two vehicle assembly plants.  Those plants will close by the end of June 2019.  Ford produces the Focus, Mondeo, Fiesta, and Ecosport in Russia.

These cuts will cause significant job losses for Russia.  This move comes after Ford announced as many as 6,000 job cuts in Germany and the UK  and cut jobs at a transmission factory in France. 

Honda, Nissan, and BMW have all recently announced cuts or closures in European operations.

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Europe is hurting and till they change course on the socialist approach to work, business, etc. many options are going to go away. No one to blame but themselves.

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Russia is a real cesspool of crime and corruption...can't imagine any company wanting to do business there...

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