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RUSSIA |
Shrinking underlying demand for its locally assembled Focus has forced Ford to cut back future production at its St Petersburg joint-venture plant to adjust downwards future plant output with markedly lower future demand expectations. In Russia, Focus sales in the year to the end of July slumped by almost a quarter to just under 40,000 units, according to figures from AEB, while sales in July alone plunged 25 per cent compared with the prior year 40,000 With fears rising that Russia’s car market may now
be heading for a harder landing than forecasters had still expected during the closing months of last year,
some carmakers were placed in a double bind. MORE LIKE THIS: First wobble in BRIC pillars of strength 03 Sep 2013 Crossovers - Universal global bright spot 02 Aug 2013 China turns into JLR ace card 04 Jul 2013 |
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