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Ford Mulls New Russia Investment as Quarterly Sales Jump 93%

  • Ford Sollers spent more than $1.5 billion in Russia since 2011
  • Russia could still become top Europe car market, JV chief says
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Ford Motor Co., which spent more than $1.5 billion with a partner in the past five years to build cars and engine factories in Russia, is studying new investments in the country in a bet on economic recovery.

The national car market could still become Europe’s biggest, and Ford wants to be prepared when demand recovers, said Mark Ovenden, chief executive officer at the U.S. company’s Russian joint venture, Ford Sollers. Russian consumers may be more resilient than their Western counterparts, he said.