Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Ford Motor Company (F) Bullish In Russia Market For Mid-, Long-Term

Ford Motor Company (NYSE:F) is remaining confident in its prospects in the Russian market for the medium- and long-term, Robert Shanks, executive vice president and chief financial officer, said in an interview on CNBC.

Russia has been suffering recently amplified by cheap gas and Shanks was admittedly unsure whether the market will rebound in the country this year.

He said that Ford Motor Company (NYSE:F) has made significant headway in its plans in Europe but added that when they were formulating the plan in 2012 and included Russia as a significant part of the plan, they did not foresee the current troubles the country is in. Ford expected Russia to become the biggest market in Europe at the time, Shanks said.

“Things have changed since [we made our plans] but we do have confidence that at least in the medium to long term, Russia is still going to be an important market and we want to participate in that. But you’re absolutely right, [it was] very, very tough in Russia last year and looking extremely difficult this year,” the Ford executive said.

Ford Motor Company (NYSE:F) lost $350 million in Russia last year, CNBC data reveals. The company lost a total of $1.1 billion in Europe in 2014 with guidance for the region for 2015 coming in at a large but still smaller greater than $250 million loss.

Ford, is F a good stock to buy, Robert Shanks, Russia, outlook,

Meanwhile, Shanks said that Ford Motor Company (NYSE:F) is positioned well for growth in 2015. As for the new F-series trucks, he said that the new models are selling well and that it’s their fastest turning product at the moment generating strong revenue.

Marc Lasry’s Avenue Capital is a substantial Ford Motor Company (NYSE:F) shareholder. It reported owning 9.1 million shares in the car maker by the end of September, an 82% increase quarter over quarter.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!