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10-09-2021, 08:06 AM
Latest news here: https://sgtalk.net/Thread-Ford-the-lates...9#pid35229
Previous news below ===========
Ford the latest automaker to exit car manufacturing in India
FRI, SEP 10, 2021 - 7:20 AM UPDATED FRI, SEP 10, 2021 - 7:34 AM
[MUMBAI] Ford will stop manufacturing cars in India and expects to record a US$2 billion restructuring charge after failing to find a "sustainable path" forward, the American auto giant said on Thursday.
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Harley-Davidson announced its withdrawal last year and General Motors in 2017.
Ford said it had accumulated operating losses of more than US$2 billion over the past 10 years and an US$800 million write-down of assets in 2019.
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"They were the only carmaker shipping cars from India to the United States. And they are going out at a time when we (India) are discussing production-linked incentives for automotives."
https://www.businesstimes.com.sg/transpo...g-in-india
Previous news below ===========
Ford the latest automaker to exit car manufacturing in India
FRI, SEP 10, 2021 - 7:20 AM UPDATED FRI, SEP 10, 2021 - 7:34 AM
[MUMBAI] Ford will stop manufacturing cars in India and expects to record a US$2 billion restructuring charge after failing to find a "sustainable path" forward, the American auto giant said on Thursday.
......
Harley-Davidson announced its withdrawal last year and General Motors in 2017.
Ford said it had accumulated operating losses of more than US$2 billion over the past 10 years and an US$800 million write-down of assets in 2019.
......
"They were the only carmaker shipping cars from India to the United States. And they are going out at a time when we (India) are discussing production-linked incentives for automotives."
https://www.businesstimes.com.sg/transpo...g-in-india
