Ford announced on Saturday that it sold one of its factories in Brazil to Construtora São José, a civil construction and logistics firm, and asset manager FRAM Capital, according to Reuters. “A previous agreement to sell the factory in Sao Bernardo do Campo, which makes the poor-selling Ford Fiesta as well as buses, to Brazilian automaker CAOA fell through last year. Ford subsequently announced it was closing the plant.” The price of the sale has not been revealed. (Source: Reuters) Read the original article.
