00:0028 августа 199800:00
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00:0028 августа 1998
The Ford Motor Company, which plans to build a car factory in the oblast, has called an October meeting of the board of directors.
<BR>The Ford Motor Company, which plans to build a car factory in the oblast, has called an October meeting of the board of directors.<BR>The topic of the meeting is to be the level of risk for investment and the choice of a date to start construction, in the context of Russia's financial crisis. The investment volume of $150m has not been changed.<BR>Despite the announcement by Leningrad Oblast Governor Vadim Gustov, that the new factory will be officially founded on 22 October 1998 on the basis of the Russkiy Dizel factory, the issue in fact remains open, DP was told by the Ford Motor Company's Moscow office.<BR>Anna Aleksandrova, PR manager at Ford's Moscow office, said that in October the board of directors is to discuss the risk to investment in building the factory in Russia. "In connection with the unstable economic and financial situation and the change of RF government in Russia, company managers have several times reevaluated the project over the past six months. Now there is a new financial crisis". The cost of the project may be increased. <BR>The company is currently concluding an investment activity agreement with the RF Economy Ministry.
