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Ford suspends Russian operations following invasion of Ukraine -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: The U.S. flag and the Russian state flag are visible in Ford Sollers factory windows in Vsevolozhsk (Leningrad Region), Russia, April 12, 2019. REUTERS/Anton Vaganov

(Reuters) – Ford Motor (NYSE) Co stated Tuesday that Russia’s invasion in Ukraine has prompted it to inform joint venture partner Sollers that it will immediately cease operations there until further notice.

Ford claimed that there are no significant Ukrainian operations.

Ford stated that the Ford Fund will make a $100,000 contribution to the Global Giving Ukraine Relief Fund to provide humanitarian assistance to displaced Ukrainian families and citizens.

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