Filed under: Earnings/Financials,Plants/Manufacturing,Ford
Ford Motor Co and Mahindra & Mahindra 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. The two companies have for months been structuring the deal to create a new entity in which Ford will hold a 49% stake, while Indian rival Mahindra will own 51%, Reuters reported in April. Under the deal Ford will transfer most of its automotive assets and employees
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Ford, Mahindra close to forming a joint venture in India originally appeared on Autoblog on Wed, 25 Sep 2019 09:03:00 EDT. Please see our terms for use of feeds.
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