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Old 08-25-2003, 06:56   #1 (permalink)
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Russia:Ford expects its Russian output to grow 24%

Autosinsider
By Detroit News staff reports, Bloomberg News and wire services

MOSCOW -- Ford Motor Co. said Monday it expects to increase output at its Russian plant to 21,000 vehicles in 2004, from 17,000 planned for this year.

There is a four-month waiting list of buyers for the Ford Focus cars being produced at the company's Russian factory, said Henrik Nenzen, Ford president for Russia, at a press conference.

Ford has invested $150 million on building the plant near St. Petersburg, Russia's second-largest city. The factory, the first Russian production site owned by a Western car company, opened in July last year.
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