Hyundai among companies vying for soon-to-be-closed Ford plants in Russia

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MOSCOW, April 5. /TASS/. Hyundai is among companies vying for Ford automobile plants to be closed in Russia and about one or two months will be needed to decide on the fate of these facilities, Minister Denis Manturov told reporters on Friday.

“The issue probably requires further consideration. Let’s give time, so that not to shadow out future events. I believe, colleagues will decide during a month or two,” the Minister said.

“Among others,” Manturov said, responding to a question whether Hyundai is among companies considering these automobile plants.

It was reported in late March that Ford would halt cars production in Russia by the end of June. Two automobile plants in Vsevolozhsk and Naberezhnye Chelny, as well as the engine plant in Alabuga in Tatarstan will be closed. Ford and Sollers would set up a renewed joint venture based on the latter facility, in which Sollers will gain a 51% stake. The JV will produce and sell Ford Transit vehicles.

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