/Automaker Halts All Operations in Russia to ‘Bet’ on the U.S.
Dana60Cummins, Public domain, via Wikimedia Commons

Automaker Halts All Operations in Russia to ‘Bet’ on the U.S.

After American automaker Ford announced it was halting its joint-venture operations in Russia, president and CEO Jim Farley said Wednesday the company is going all-in on the U.S.A. on “Varney & Co.

“We bet on the United States,” Farley told FOX Business’ Stuart Varney. “We have a lower percentage of our production in Canada and Mexico than any one of our competitors. And we build more and we export more from the United States.”

In a statement released Tuesday, Ford said it’s “deeply concerned” by the Russian invasion of Ukraine, forcing the company to “reassess” its relationship with Russia. The suspension was effective immediately, and will stay in place until further notice.

“While we don’t have significant operations in Ukraine, we do have a strong contingent of Ukrainian nationals working at Ford around the world and we will continue to support them through this time,” the press release said.

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