Ford cancels Chennai plant sale deal with JSW group - World News

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Tuesday, December 19, 2023

Ford cancels Chennai plant sale deal with JSW group

American car company Ford cancels deal with JSW group for Chennai plant, indicating a possible change in its India exit strategy. The company had also been in talks with Mahindra & Mahindra and Vinfast for the sale of the plant. Sources suggest that Ford may now want to maintain a manufacturing presence in India and is looking to hire people in certain functions. However, Ford has not made a final decision on coming back to India.

from Times of India https://ift.tt/lTbQ2GF

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