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Ford opens $275 million engine plant in Russia

2015-09-03 23:13:38| Auto Dealers - Topix.net

Russian venture, Ford Sollers, opened a $275 million engine plant on Thursday, which will help make its Russian-produced vehicles less dependent on imported components and currency fluctuations. Ford aims to spend 60 percent of the cost of producing cars for the Russian market in the country itself by 2020, to qualify for benefits such as lower import duties on car components.

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