Nashik: Mahindra and Mahindra Ltd is exploring the feasibility of entering emerging markets such as Indonesia and Russia in partnership with Ford Motor Co. “We are exploring various aspects with Ford; manufacturing, sourcing, engineering or even on the retail front. But things are at a very initial stage (in these markets) to conclude what aspect we will be partnering on,” said Mahindra managing director Pawan Goenka.
MUMBAI: Ford Motor’s India is close to posting a net profit, driven by strong gains in domestic sales and booming exports that helped the automaker’s local unit post a 20% expansion in turnover for the third consecutive year.
In fiscal 2018, Ford India’s domestic operations crossed a billion dollars in turnover for the first time. Exports accounted 2.4 times local sales, taking the total turnover to $3.4 billion.
American carmaker Ford, which tasted success in India with its EcoSport sports utility vehicle (SUV), plans to have an SUV dominated future line up for the local market. EcoSport accounts for almost 40 per cent of the cumulative one million units sold by the car maker in India till date. More than half of its future launches could be SUVs.
Ford Motor Co. is killing its slow-selling Fusion sedan while keeping the name to affix to a sport wagon it is developing to take on Subaru’s popular Outback, according to people familiar with the automaker’s plans.
The Fusion name probably will live on when the sedan exits early next decade, according to a spokesman.
Ford India on Friday said that it is recalling 5,397 units of its popular SUV Ford EcoSport for faulty front lower control arm.
In a statement, Ford India said that it is voluntarily inspecting 4,379 EcoSport vehicles, made at the company’s Chennai plant between May 2017 and June 2017, for weld integrity of the front lower control arm.
China fulfilled a pledge to slash tariffs on imported cars Sunday, but the respite for auto makers who export to China from the US will be brief as Beijing prepares to slap an additional 25% tariff on US auto imports this Friday.
Ford Motor Co. and Tesla Inc, as well as Germany’s BMW AG and Mercedes-Benz maker Daimler AG —which build premium sport-utility vehicles in the US and ship them to China—stand to suffer the most.
China’s Baidu continues to make inroads in the automotive space after it inked an agreement with Ford China that will see the two companies work together to make the driving experience smarter in China.
The two companies have collaborated before, most notably by jointly investing $150 million into LiDAR sensors startup Velodyne, and this China initiative will bring help technologies like connectivity, artificial intelligence and digital marketing into the car.
Shortly after pulling the plug on most hatchbacks in the US and Europe, Ford has announced that they have started working on a new crossover that they will be calling the Mach1. The car is scheduled to be unveiled later next year with a production model scheduled for deliveries as early as 2020. According to reports on Autocar UK the car is scheduled to use the C2 platform that will also underpin the new Ford Focus.
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