Business: 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...

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