Ford Motor to Take Controlling Stake in Russian Venture

April 10, 2015 2:54 PM

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Ford Motor to Take Controlling Stake in Russian Venture

Move comes after rival GM closed plant in Russia amid plunging car sales

Ford Motor Co. F 0.25 % on Friday said it would take a controlling interest in its Russian joint venture with Sollers OJSC, SVAV -0.77 % providing additional funding to the venture and opening the door for further integration at a time when the Russian auto market is suffering.

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