Ford to roll out six new models in Russia
Monday, 9 February 2015
FRANKFURT, Feb 8 (Reuters): US automaker Ford will roll out six new models in Russia this year, Chief Executive Mark Fields was quoted as saying, despite the country's sagging economy and rising tensions over the conflict in Ukraine.
Russia's currency and economic woes were cited in January by Ford as major reasons the company lowered expectations for its European business in 2015. Other carmakers have incurred losses and closed production plants in Russia for the same reason.
"Between end-2014 and end-2015 we will bring six new models to market," Fields was quoted as saying in German weekly magazine WirtschaftsWoche. "There are no bad times for me to introduce a great new model, even if the economic conditions are difficult."