As Russia's invasion of Ukraine stretches on, more automakers are suspending operations in Russia, offering support to Ukraine, or both. Porsche joins several automotive companies in donating funds for Ukrainian relief, pledging one million euros to the cause. That translates to approximately $1.1 million in US currency.
The funds will be split among two organizations. 750,000 euros will go to the UN Refugee Aid, a German association partnered with the UN Refugee Agency. It's the same group for which Porsche's parent company Volkswagen Group also donated one million euros. The remaining 250,000 euros will go to the Ferry Porsche Foundation, focusing on children and young adults.
