Ford Lost Money in the Third Quarter as Costs Surged
The automaker is struggling with supply chain problems and wrote off its investment in a self-driving technology business.
Source: nytimes.com
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Ford to exit Russia after joint venture stake sale
New York: Ford Motor Co said on Wednesday it would exit Russia, the latest automaker to leave in the aftermath of Russia s invasion of Ukraine. Mer...
Source: thepeninsulaqatar.com
Putin Repeats Unsupported 'Dirty Bomb' Claim, Fueling Fears of Escalation
Saudi leaders decided earlier this month to join Russia in leading a cartel of oil producers to announce cutting production by two million barrels a day, which could raise prices and help Russia.
Source: nytimes.com
Tesla Will Keep Conscripted Ukrainians on Payroll for 3 Months
Elon Musk and Tesla are continuing to support Ukraine, saying Ukrainian employees will keep getting paid for at least three months if they're enlisted to fight against Russia. See: Airbnb Waiving Fees...
Source: gobankingrates.com
Automotive Industry Responds To Russia-Ukraine War With Donations and Shutdowns
Automakers across the board are reacting to the Russian-Ukrainian war with plant shutdowns, donations and other support.
Aston Martin Sollers Ford Global Giving Ukraine Relief Fund Volkswagen Group Jaguar Land Rover United Nations Refugee
Source: newsweek.com
Russian Sanctions May Cripple a Once Promising Car Market
The auto industry might have to face a different kind of war, as the likelihood of another supply-chain crisis increases.
Source: thestreet.com
Foreign companies' exodus from Russia keeps growing
Toyota, Honda, Nike, Apple, Exxon, Ford join exodus after Moscow disturbed business calm with invasion
Source: luxtimes.lu
Ford suspends business in Russia, provides aid to Ukrainians
As fighting grows more intense in Ukraine, Ford suspends its joint venture in Russia.
Source: freep.com
Ford Suspends Operations in Russia Following Country's Deadly Invasion of Ukraine
On Tuesday, March 1, Ford announced that it has decided to suspend its joint venture operations in Russia following President Vladimir Putin's invasion of Ukraine.
Source: autoworldnews.com
These companies are pulling back in Russia as the invasion of Ukraine continues
From technology and shipping to energy and entertainment, businesses around the world are scaling back operations in Russia as numerous countries also impose sanctions.
Source: wtae.com