Ford exits manufacturing operation, moves to niche imported models
Updated Sep 10, 2021 05:02 am
- Ford's hastily organized townhall by Indian management reflected the woes of the US automaker's journey in India. It has been struggling amid weak domestic volumes, falling exports, and a lack of new products for the domestic market.
- It seems to be following the lines of General Motors, which exited India in 2017. Stung by $2 billion in accumulated losses and a rapidly thinning market share, Ford held a town hall meeting Thursday with its employees to announce the closure of local manufacturing, joining American Motown icons General Motors and Harley Davidson in calling time on their Indian operations.