Press release
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march 02, 2022 - Ford
Ford issues statement on suspension of Russian joint venture and assistance for Ukrainian refugees
As part of the global community, #ford is deeply concerned about the invasion of #ukraine and the resultant threats to peace and stability. The situation has compelled us to reassess our operations in #russia. In recent years, #ford has significantly wound down its Russian operations, which now focus exclusively on commercial van manufacturing and Russian sales through a minority interest in the Sollers #ford joint venture. Given the situation, we have today informed our JV partners that we are suspending our operations in #russia, effective immediately, until further notice.
While we don’t have significant operations in #ukraine, we do have a strong contingent of Ukrainian nationals working at #ford around the world and we will continue to support them through this time.
Ford Fund is also making a $100,000 donation to the Global Giving #ukraine Relief Fund for humanitarian aid to assist Ukrainian citizens and families who have been displaced during this crisis.
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