At the St. Petersburg economic forum Ford Sollers company and the Ministry of industry and trade of Russia has signed the special investment contract (SPIC), which allows to increase the production of Ford Transit van in the country.
According to the agreement, “Ford Sollers Elabuga” in cooperation with UAZ (part of Solers) is investing large sums to increase production capacity, as well as in the localization of Ford Transit in exchange for state support in the form of tax guarantees. The agreement is valid until 2028.
Recall that Ford is leaving the Russian market of passenger cars, leaving our compatriots a commercial Transit, which the us-Russian cooperation changes the structure. New Speke was the first step to that. In addition, Ford maintains a dealer network, which will not only sell and serve “Transits”, but also to provide service previously purchased the “cars” brand, age not older than 10 years.
Let us add that recently the investment contracts with the government signed a PSA to open a production line for returning Opel cars, AVTOVAZ to start collecting variators for “Lad”, as well as Hyundai gathered to produce motors and transmissions.