A Letter of Intent signed between FORD and SOLLERS on the establishment of joint stock company in Russia

18 February 2011, Friday

OAO “Sollers” and “Ford Motor Company”onFebruary 18, 2011 signed a Letter of Intent on establishment of joint venture in the territory of Russia. According to the Letter of Intent the companies have equal participation. The enterprise which is going to be called “Ford Sollers” shall manufacture and sell Ford vehicles in the Russian market.
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