Hyperdrive
Ford Tells Partners It’s Suspending Operations in Russia
- Automaker is ‘deeply concerned’ about Ukraine, CEO says
- Company has limited business in Russia following pullback
A worker checks the body shell of a Ford Transit van on the production line at the Ford Sollers production plant in Elabuga, Russia in 2020.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Ford Motor Co. said it’s suspending operations in Russia, joining companies across the world in pulling back following the country’s invasion of Ukraine.
The automaker told its joint-venture partners that it’s halting work immediately, according to a statement Tuesday. Ford had already been winding down its Russian operations, which today consist of commercial van manufacturing and Russian sales through a minority interest in the Sollers Ford joint venture, the company said.