Ford halts production in Russia for one month

Every once in a while during discussions on the American car market tanking you'll hear about emerging markets potentially saving the day for each automakers' finances. Russia had been eyed as one of those lifeboats, yet it turns out that people aren't buying cars in Russia either. Ford has joined Renault in stopping all production there for a month, extending the traditional holiday shutdown period from two weeks to a full month. With Russia a victim of not only the global credit crisis, but fleeing investment and falling prices for its natural resources, it means skittish times for ordinary Russian buyers. And that means harder times for Ford.

[Source: Detroit News]

Ford halts production in Russia for one month originally appeared on Autoblog on Mon, 08 Dec 2008 16:32:00 EST. Please see our terms for use of feeds.

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