Ford & Soviet

With international financial circles still agitated over last week's agreement between Ford of Germany and the German I. G. F. Dye Trust, Continentalist Ford announced a $30,000,000 deal with Soviet Russia. Soviet and Ford representatives signed a contract providing that a Ford plant with a capacity of 100,000 cars a year should be built at Nizhniy Novgorod (between Leningrad and Moscow) and that $30,000,000 of Ford products should be purchased within the next four years. Thus Ford-General Motors competition has been extended to Russia (and Asia) where the Ford Novgorod plant will compete with General Motors establishments at Warsaw, Stockholm and Alexandria, and even with General Motors of India in Bombay and General Motors of Japan in Osaka.