June 7, 2019 / 5:54 PM / 20 days ago

Ford ready to sell Russian plants, says companies have shown interest

The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid

ST PETERSBURG (Reuters) - Ford Motor Co is ready to sell its idle Russian plants and sees interest from potential buyers, the carmaker’s Europe chairman said in St. Petersburg on Friday.

The company had announced in March that its Russian joint venture Ford Sollers would close two assembly plants and an engine factory in Russia, exiting the country’s passenger vehicle market.

“We are open to discuss potential sales to other companies,” said Steven Armstrong on the sidelines of the International Economic Forum. “We have had interest from a number of different companies.”

Reporting by Gleb Stolyarov; Writing by Andrey Kuzmin; Editing by David Goodman

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