June 8, 2011. Chairman of the Board of Directors and Executive Director of "Ford of Europe" Stephen Odel and the CEO of "Sollers" Vadim Shvetsov (left to right) sign an agreement on a joint venture between the Ford Motor Company and OAO Sollers as well as a Memorandum of Intent to finance the project between the State Corporation Development and Foreign Economic Affairs Bank (Vnesheconombank) and other participants in the joint venture. Right: Russian Prime Minister Vladimir Putin.