US auto giant Ford Motor has become the latest global carmaker to exit Russia following Moscow's invasion of Ukraine.
Ford announced on Wednesday that it has sold its 49-percent stake in a local joint venture for a ''nominal value.'' All operations at the company have been suspended since March.
But Ford said it "retains the option to repurchase the shares within a five-year period, should the global situation change."
Ford announced on Wednesday that it has sold its 49-percent stake in a local joint venture for a ''nominal value.'' All operations at the company have been suspended since March.
But Ford said it "retains the option to repurchase the shares within a five-year period, should the global situation change."
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Summary
Ford Motor Company has sold its 49% stake in a Russian joint venture and halted operations due to Russia's invasion of Ukraine. The company, however, maintains the option to repurchase shares within five years if global conditions change.
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ID: 2b67d4a6-71b7-400c-8beb-2cbf18599b81
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20221027_18/
Date: Oct. 27, 2022
Created: 2022/10/27 14:11
Updated: 2025/12/09 12:18
Last Read: 2022/10/27 16:41