
It will take global automakers time to sort out this latest disruption in the supply chain.
The U.S. Commerce Department today, through its Bureau of Industry and Security (BIS), responded to Russia’s further invasion of Ukraine by implementing a “sweeping series of stringent export controls that will severely restrict Russia’s access to technologies and other items that it needs to sustain its aggressive military capabilities.” Thus far major automakers with operations and interests in Russia have been silent.
The export control measures are the most comprehensive application of Commerce’s export authorities on U.S. items, including technology, as well as on foreign items produced using U.S. equipment, software, and blueprints, targeting a single nation. These were implemented with the cooperation of the United States, the European Union (EU), Japan, Australia, United Kingdom, Canada, and New Zealand. More nations are expected to align their export control policies and requirements with todays actions. “If necessary, based upon any subsequent destabilizing actions by Russia, the U.S. government will follow up in the days to come with additional stringent economic measures,” Commerce said. Continue reading →
Ford “Suspends” Russian Van Manufacturing and Sales
Well, another supply chain disruption.
Today Ford Motor said its Russian operations of commercial van manufacturing and Russian sales through a minority interest in the Sollers-Ford joint venture are suspended effective immediately until further notice.
It’s the latest move by a global automaker to respond to Putin’s war that failed President Donald Trump and the Republican party endorses. (Read AutoInformed on: Ukraine – EU Truck Sectors at Immediate Risk. Others to Unfold; and Ukraine – Commerce Puts Restrictions on Exports to Russia) Continue reading →