Ford Motor Co and Mahindra & Mahindra are likely to sign a deal next week to for...
) are likely to sign a deal next week to form a joint venture in India, two sources told Reuters, in a move that will see the U.S. carmaker end most of its independent operations in the country.
Under the deal Ford will transfer most of its automotive assets and employees in India to the new company, but the carmaker will retain an engine plant in Sanand in the western state of Gujarat, according to the two sources, who asked not to be named as the talks are private. Ford’s two manufacturing plants - one in Chennai in southern India and the other in Sanand which was inaugurated in 2015 - will be moved to the new joint venture, but Ford will keep the engine plant at Sanand. Together, they have a maximum annual manufacturing capacity of 440,000 vehicles.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
A 1934 Ford Rebuilt to Race Over 200 MPHTwo childhood friends reunite to build a land-speed record-chasing race car for the Bonneville Salt Flats.
Weiterlesen »
Willa Ford On her Favorite Design Spots In L.A And Being A Socially Conscious DesignerOne-time pop star Willa Ford has been living her interior design dreams for some time. Now she is back in the limelight as Scott Disick's designer on E!'s 'Flip It Like Disick.' Much more important than fame though, she is using her celebrity to educate designers on being green.
Weiterlesen »
Ford selects Austin to test, deploy autonomous vehiclesFord Motor has selected Austin, Texas as the third city it plans to launch autonomous commercial vehicles in by 2021.
Weiterlesen »
55 years later, the salesman who sold the first Ford Mustang built will be reunited with itA retired salesman in Canada is heading to the Henry Ford Museum in Dearborn, Michigan, to be reunited with a Ford Mustang he accidentally sold 55 years ago
Weiterlesen »
Sentry, a startup co-founded by a former Dropbox engineer that helps developers run more reliable code, just raised $40 millionThe startup Sentry has closed $40 million from Accel and New Enterprise Associates. Here's how the company grew from an open source project.
Weiterlesen »