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CEO of Ford's Russian Venture Expresses Optimism Over Car Industry - Vedomosti
2015-07-14 21:31:20| Auto Dealers - Topix.net
Russia's floundering auto market could stabilize in the second half of this year, the head of Ford Motor Co's Russian venture told the Vedomosti newspaper on Tuesday, halting a slide in sales fueled by the country's economic downturn. "The market will stabilize, but it will be a very fragile stabilization," said Ted Cannis, CEO of Ford Sollers, the U.S. firm's 50-50 joint venture with Russian carmaker Sollers .
Tags: car
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Category:Automotive
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