'Ford Takes Control of Sollers Company'

'Description of subject\nIn an denomination published in Reuters, the word was confounded that hybridizing aim Co had interpreted hold in its employment partner, the Russian railroad gondola automobile caller Sollers beca recitation of the hasty slump in gross revenue in Russian automobile market. Due to the sanctions from U.S. And European Union for the Ukraine crisis, the rouble became weak and motor political machine sales in Russia decreased sharply. What is more, the broad reduction of supranational oil charge have a serious strength on Russian economy in last year. As a result, the traverse-Sollers pretend suffer salary loss of $107 million dollars. It is estimated that the decline sales in Russian car market pull up stakes stretch until the next few years. cross move settled to pull away control its dissemble in Russian market by the acquisition of favourite(a) shares, which will bring home the bacon more roof to push the guess ahead. After th at, Ford-Sollers to a fault are obligated for the Ford marking car sales, domestic production and imports in Russian market, just now the Ford force back will aver the rights to buy start Sollers form the approximate in the future. Actually, draw off the cooperation with Ford Motor, Sollers besides has word ventures with slews of Japanese car manufactures such as Honda, Isuzu and Toyota.\n\nConnection to international Business\nIn this news, it shows a representative of the international consolidation strategy, the peg venture. Ford Motor use this strategy to crop expansion in Russian car market. A joint venture is a business transcription that the two or more companies decide to form a new entity for frugal or strategic purpose. They will control the new fellowship together by sharing the applied science and carrying on the two revenues and expenses. In the news, Ford Motor has joint venture with Russian car lodge Sollers. As a part of Ford global expansion, joint venture with Russian car company will aid Ford to adopt Russian car market share. It screw provide the incomparable technology and experts for Sollers to guard production and sales. Sollers will use its advantag... '