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Ford stops joint venture In Russia, Stellantis donates to Ukrainian refugees

Russia’s invasion of Ukraine is clearly killing civilians and destroying infrastructure across the country. It also affects the automotive industry there and throughout Europe, from the harness we mentioned earlier today with new announcements from Ford and Stellantis. And there is reason to think in larger terms than today’s business transactions, because there are large lithium deposit underground in Ukraine. What does this mean for raw materials for the future tram It’s still undetermined, but it’s worth thinking about as the world reacts to Russia’s actions.

After the decisions of Apple and other major automakers suspend or cut operations in RussiaFord announced that it will suspend all operations of its joint venture in Russia, effective immediately, until further notice.

“As part of a global community, Ford cares deeply about the invasion of Ukraine and the threats to peace and stability,” the company said. speak in a statement. “The situation forces us to re-evaluate our activities in Russia. In recent years, Ford has significantly reduced its operations in Russia, now focusing exclusively on commercial truck Russian production and sales through minority interests in Sollers Ford Venture.”

Although Stellantis has only 71 employees working in Ukraine, it announced today it will give first million euros (about 1.1 million US dollars) for Ukrainian refugees and civilians. Stellantis’ head of Ukraine operations will help the automaker work with local NGOs that are helping Ukrainians get the funding they need.

“Stellantis condemns violence and aggression and in this time of unprecedented pain, our priority is the health and safety of our Ukrainian employees and families,” said Stellantis CEO. , Carlos Tavares said in a statement. “An act of aggression that shakes up a world order, already rattled by uncertainty, has been launched. The Stellantis community, made up of 170 nationalities, looked stunned as civilians fled the country. Even if the scale of the casualties remains unclear, the number of casualties will be unbearable.”

As of this morning, Stellantis said all 71 of its employees there are safe. This is not an ordinary line to read in automotive press releases, but this is no ordinary time.

While Ford says it doesn’t have any “significant operations” in Ukraine, “we have a strong team of Ukrainians working at Ford around the world and we will continue to support them.” during this time,” the company said in the statement. Ford will donate $100,000 to the Ukraine Global Giving Fund, which is used for humanitarian relief for Ukrainian citizens and families.

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