Ford To Shutter Car Production in India

Ford To Shutter Car Production in India

Ford To Shutter Car Production, in India.br Ford To Shutter Car Production, in India.br On Sept. 9, Ford announced that it would close its production plants in India.br The Gujarat and Tamil Nadu plants will be br shuttered by the end of the second quarter next year.br Ford will continue to br build engines in India...br ... and provide maintenance and parts br for current Ford auto owners in the country.br In a statement outlining the decision, .br Ford stated that it seeks to "shift to iconic global br vehicles and electrified SUVs in the future.".br Both GM and Harley Davidson made similar br decisions about production in India.br Harley Davidson also significantly cut br its sales operations in the country.br The vehicle manufacturers' decisions have thrown a wrench in the plans of Indian Prime Minister Narendra Modi, .br who has sought to br incorporate powerful br foreign companies br into the Indian economy.br Despite its commitment to manufacturing vehicles br in the country for a quarter of a century.br Ford had been operating at a significant loss br in India for nearly 10 years.br The manufacturer has lost nearly br $2 billion while operating in the country.


User: Wibbitz Top Stories

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Uploaded: 2021-09-09

Duration: 01:30