Ford is pulling the plug on its car and engine production in India. Ford has suffered huge losses in India over the last ten years and the brand does not think about entering red financial numbers in the country any longer.
Ford is making drastic reforms in India. The brand will continue to operate in the country, but will no longer manufacture or assemble any cars. The brand says it has lost €1.69 billion in India over the past ten years. Ford says it can return to profitability in India with thorough reforms, but the reorganization is intense. Ford will immediately stop producing models for the local market. For export markets, Ford will continue to build cars a little longer, but not much longer. Ford’s factory in Sanand, India, will close its gates at the end of this year. The doors of Ford’s car and engine plants in Chennai will finally open in mid-next year.
Source: AutoWeek by www.autoweek.nl.
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