The EV and ICE businesses will remain under the Ford corporate umbrella, similar to the way the company operates its Ford Pro commercial business, three sources told Reuters on Tuesday.
BMW's European production takes big hit from Ukraine crisis supply disruption
With the decision, Ford joins a growing group of companies that are leaving Russia or pausing operations, including General Motors. Huge oil producers BP and Shell, along with prominent players in other sectors, such as Apple, made similar moves.