The company will sign an agreement on establishing a joint venture in Moscow state University of railway engineering (MIIT) in the presence of Prime Minister Vladimir Putin. Today will sign a Memorandum on project financing Vnesheconombank, which can provide JV Ford and Sollers credit for 39 billion. Joint venture Ford Sollers will manufacture passenger cars and light commercial vehicles, Ford, and will manufacture and distribution of cars in the Russian market. JV companies Ford and Sollers, which is planned to be registered in the third quarter and start the fourth quarter of this year, will release six new models of cars. The new Joint venture will include the manufacturing facilities of companies in Vsevolozhsk in the city of Naberezhnye Chelny on the territory of the special economic zone "Alabuga" in Tatarstan. A Memorandum of intent to establish on a parity basis by a joint venture of Ford and Sollers signed in early 2011