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Ford Plans on Closing Two Russia Plants to Curb Losses

  • Carmaker reaches agreement on future of venture with Sollers
  • Ford will continue commercial-vehicle business, person says
A worker welds body panels on the shell of a Ford Focus automobile at a Ford Sollers plant in Saint Petersburg, Russia.

A worker welds body panels on the shell of a Ford Focus automobile at a Ford Sollers plant in Saint Petersburg, Russia.

Photographer: Andrey Rudakov/Bloomberg

Ford Motor Co. may close two of its three assembly plants in Russia as part of a restructuring of its money-losing business operations in the country, according to a person familiar with the matter.

The automaker, which operates a joint venture in Russia with local automaker Sollers, plans to make an announcement about the future of its operations there on Wednesday, the person said. Ford is likely to close one passenger-car factory near St. Petersburg and another in the Tatarstan region, but continue producing commercial vehicles at a third plant, said the person.