Ford Bets On Suvs To Revive Russia Demand As Sales Fall

Ford Sees SUVs Filling Russia Gap in to Aid Europe

The segment which is growing in Russia is sport-utility vehicles. Its fashionable to have SUVs. The partnership between Dearborn, Michigan-based Ford and Sollers took over the U.S. companys car plant in Vsevolozsk and builds models including the Explorer SUV and Kuga crossover in Elabuga in the Russian republic of Tatarstan. The Edge will be produced at another plant in Naberezhnye Chelny, also in Tatarstan, the companies said yesterday. Balanced Strategy Ford operates under a 50-50 joint venture because we thought it was important to have balanced equity and balanced growth in the business, Odell said. With the addition of the EcoSport and the Edge, an offroader between the full-size Explorer and more compact Kuga, well have a complete portfolio of products in the growing SUV segment, actually way faster than you wouldve thought wed be able to respond, Odell said. Russias car market will probably amount to about 2.8 million vehicles this year, versus projections exceeding 3 million units at the beginning of the year, Odell said, declining to specify forecasts for Ford. Russias gross domestic product expansion slowed to 1.2 percent in the second quarter from 3.4 percent last year. GDP may not grow as fast as you like, but its still a strong economy, Odell said. Russia has the opportunity to surpass Germany as Europes largest car market in the middle of this decade, he said. SUVs are winning buyers as snowy Russian weather and road conditions make the models higher clearance useful, Odell said. The vehicles seats are also higher than those for standard cars, making them more attractive to drivers, he said. To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net 5:43 July 1 (Bloomberg) — Ted Cannis, chief executive officer of the Ford Sollers unit, talks about the state of the Russian automotive market and the role of sport-utility vehicles in Ford Motor Co.’s recovery strategy in the region. Fords deliveries in Russia fell 18 percent this year through May, trailing a 4.5 percent industrywide drop.

Russia qualifies for World Cup with draw

Authorities believe the suspects planned to build a bomb and attack the Maradykovsky chemical weapons storage and disposal facility in the Kirov region, about 1,000 km (620 miles) northeast of Moscow, the Federal Investigative Committee said. “The suspects planned a terrorist attack … that could have risked killing hundreds of people,” it said in a statement. It said the men had travelled north to the remote Kirov area from Moscow to plan the attack and it identified them as followers of Wahhabism – an ultra-conservative branch of Sunni Islam that is practised in Saudi Arabia and which has become a derogatory term for Islamist radicalism in Russia. Investigators found bomb components and “literature with extremist content” in an abandoned house in the area where the suspects, aged 19 and 21, were living, the committee said. It said the suspects were natives of the North Caucasus, a mountainous southern region not far from the Black Sea city of Sochi, where Russia hosts the 2014 Winter Olympics in February. The region is some 2,000 km (1,200 miles) from Kirov. Insurgent leader Doku Umarov, a Chechen, has urged fighters to use “maximum force” to stop the Olympics taking place. President Vladimir Putin has staked his reputation on the Games and ordered authorities to boost security in the North Caucasus, where the Islamist insurgency is rooted in two post-Soviet wars pitting Chechen separatists against the Kremlin. After suicide bombings that killed dozens in the Moscow subway in 2010 and at a Moscow airport in 2011, Umarov called for more attacks on infrastructure in the Russian heartland, but no other major attacks have occurred outside the North Caucasus. Russia inherited the Soviet Union’s declared stockpile of 40,000 metric tonnes of chemical weapons. In 1997 Moscow ratified the Chemical Weapons Convention, which requires member states to declare and dispose of all chemical weapons and production facilities. Russia and the United States had pledged to destroy their chemical arsenals by 2012 but both missed the deadline.

Russia says foils plot to attack chemical arms facility

Azerbaijan’s Ruslan Abishov, right, and Elnur Allahverdiyev, left, challenge Russia’s Victor Faizulin for the ball during their World Cup Group F qualifying soccer match in Baku, Azerbaijan, Tuesday, Oct. 15, 2013. Photo: Alexander Mysyakin, AP Azerbaijan’s Ruslan Abishov, right, and Elnur Allahverdiyev, left,… Font Page 1 of 1 BAKU, Azerbaijan (AP) Russia qualified for the World Cup for the first time in 12 years by drawing 1-1 with 10-man Azerbaijan on Tuesday. Russia finished on top of Group F with 22 points, one point ahead of second-place Portugal which beat 10-man Luxembourg 3-0 and will go into next month’s European playoffs for a berth in Brazil. The Russians last qualified for the World Cup in Japan and South Korea in 2002, but under coach Fabio Capello they quickly secured the group’s top spot and held it as Portugal once again came up short. “Russia was the best team. They were better than us,” Portugal coach Paulo Bento said. “We needed to demonstrate better quality if we wanted the top spot.” In Baku, Roman Shirokov gave Russia the lead in the 16th minute from a cutting pass from Alexander Samedov . Vagif Javadov headed in the equalizer in the 90th. Azerbaijan was reduced to 10 men in the 73rd when Maksim Medvedev was given a red card for a rough tackle.