Ford Motor Company has completed its withdrawal from its previously paused activities in Russia by divesting its 49 percent stake in the Sollers Ford joint venture, as stated in the company’s official press release. This move marks a decisive closure of Ford’s direct involvement in the Russian market under the current structure. Sollers confirmed the deal, reinforcing Ford’s exit from operations that included vehicle production, parts supply, and technical support (Source: Ford press release).
Earlier this year, Ford halted all operations in Russia, freezing manufacturing, parts logistics, and technical assistance for customers. The sale of Ford’s shareholding was completed at face value, with the option retained for Ford to repurchase the stake within five years should geopolitical or market conditions shift in a way that makes reentry feasible (Source: Ford press release).
What’s next?
Following Ford’s departure, the Russian Ministry of Industry and Trade indicated that the market is expected to see new products introduced under its domestic development framework. Specifically, the focus is on light commercial vehicles that may be produced by Sollers under its own brand, creating a distinct line separate from Ford’s branding. The plan includes launching two new models with a stated goal toward higher localization levels, signaling a push to bolster domestic manufacturing capability and supply chain resilience (Source: Industry and Trade Ministry statements).
Reference
Since mid-2019, Ford Sollers in Yelabuga has produced only Ford Transit light commercial vehicles with various modifications. Prior to this phased production, Ford had closed its factory in Vsevolozhsk and exited the Russian passenger car market, reflecting a broader realignment of the automaker’s regional strategy (Source: industry reports and company disclosures).