Following the lead of fellow automakers Volkswagen, Mercedes-Benz, Jaguar Land Rover, Volvo, and extra, Ford introduced this night that it might be suspending its operations in Russia.
Ford CEO Jim Farley broke the news in a tweet, citing a deep concern in regards to the invasion of Ukraine by Russian forces on February 24, and providing an act of help for the Ukrainian individuals. Farley’s tweet included an extended press launch, which signifies that the Ford Fund will donate $100,000 to the International Giving Ukraine Aid Fund at an unspecified date and time.
The donation is in an effort to supply humanitarian help and help to displaced Ukrainian nationals and households affected by the dramatic occasions of the previous week. The total tweet and press launch comply with.
Whereas the motion and donation from Ford are symbolically essential to the reason for the Ukrainian individuals and Ukrainian nationals employed by the automaker, the enterprise facet ramifications of this motion are minimal.
For the final decade, a three way partnership between Ford and the Russian firm Sollers has seen a wide range of manufacturing come and go. A challenge that began by bringing manufacturing of the Focus and Mondeo traces to Russian soil, has in recent times slowed to a trickle. In 2019 Ford introduced a restructuring of the JV that might finish manufacturing of passenger autos.
The GlobalGiving Ukraine Aid Fund has collected some $3.1M in donations as of this writing. The Ford Fund and GlobalGiving have partnered on different charitable initiatives in years previous.
