Category: Industry

Ford Motor to close manufacturing plants in India after $2 billion loss

American auto major Ford Motor Company on September 9 said it’s “forced” to finish manufacturing operations in India and shut plants at Sanand and Chennai, thanks to “huge accumulated losses and lack of growth during a difficult market”. Ford will wind down the manufacturing of auto for exports in Sanand, Gujarat by the fourth quarter of 2021 and vehicle and engine manufacturing in Chennai by the second […]

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