Thursday, Oct 06, 2022



Tata Motors acquires Ford’s Sanand plant for Rs 725 crore

August 08, 2022 9:00 am

The government of Gujarat, Tata Passenger Electric Mobility Limited and Ford India Private Limited had already executed a tripartite MoU on May 30 to support all relevant approvals for the transaction.

US ‘must be alarmed’ by foreign companies exiting India: Hudson directors

July 18, 2022 6:49 am

Notably, while some of these companies have either cited poor competitive position or global business strategies, others have had long-running tiffs with law enforcement and tax authorities.

‘Tata Motors to take over Ford’s Sanand plant’

May 30, 2022 12:46 am

The benefits extended to Ford India for the Sanand plant would be enjoyed by Tata Motors as well, the sources confirmed. A formal agreement regarding the takeover is yet to be signed between the two companies. Both Tata Motors and Ford India declined to comment on the matter when FE reached out to them.

Ford abandons plan to manufacture electric vehicles in India

May 13, 2022 9:42 am

After the American car manufacturer had announced their decision to stop operations in India in September 2021, the company said it was working on the business restructuring and continued to explore possible alternatives for its manufacturing facilities.

Ford CEO: No plan to spin off EV business, but change coming

February 24, 2022 12:06 pm

Ford CEO Jim Farley told the Wolfe Research virtual global auto technology conference Wednesday that the company could hit Tesla-like profit margins by using common electric motors, electronic components and other parts across all sizes of vehicles.

Why this could be a critical year for electric cars

February 08, 2022 3:32 pm

Demand for electric cars is so strong that manufacturers are requiring buyers to put down deposits months in advance. And some models are effectively sold out for the next two years.

Ford Motors exit: Mevani lends support to workers, offers to ‘fight’ on their behalf

September 21, 2021 9:16 pm

Jignesh Mevani has become the first political leader to approach and voice support for the workers, who were informed about Ford’s decision to cease car manufacturing at the plant that was commissioned in 2015.

Ford’s abrupt exit leaves dealers jittery, their employees in lurch

September 12, 2021 5:26 am

Ford dealers are also miffed about being kept in the dark in the run-up to the announcement.

After GM, Harley, Ford Motor drives out, shuts plants

September 10, 2021 7:43 am

The American company said it had accumulated losses of over $ 2 billion in the last 10 years, and that the phased closure of its two production units in Sanand, Gujarat, and Chennai, Tamil Nadu, would affect approximately 4,000 employees.

Watch video: Self-driving taxis are now available in China's Shenzhen

July 22, 2021 4:27 pm

The southern Chinese metropolis of Shenzhen has launched a batch of self-driving taxis for the first time ever. Here is what we know.