INSUBCONTINENT EXCLUSIVE:
United States automaker Ford Motor announced Wednesday it has finalized a full exit from Russia with the sale of its minority stake in a
Moscow region-based joint venture.Ford was among a number of foreign automakers to suspend operations in Russia in March after President
Vladimir Putin ordered his troops to invade Ukraine eight months ago
German carmaker Mercedes-Benz announced plans to sell its Russian assets to a local investor earlier on Wednesday.Ford said in a statement
unlikely to pursue the buyback due to its moves to wind down operations in Russia prior to the Ukraine war, according to the auto industry
an engine factory in Russia after years of losses.Hundreds of Western companies have exited Russia since the Feb
supply chain disruptions.
