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Ford will pump out more profitable big SUVs to fund its future
Posted on 12th February 2018
Southfield, Michigan: Ford Motor Co. is spending $25 million more at its Kentucky factory to pump out more of the profitable big sport utility vehicles that are critical to funding its ambitious—and expensive—electric and self-driving vehicle plans.

The investment will allow the second-largest US automaker to boost production of the new Lincoln Navigator and Ford Expedition by 25% from what the company was planning last fall, when the redesigned models first hit showrooms.

“The Expedition and Navigator products are very important to both the Ford and Lincoln lineups,” Joe Hinrichs, Ford’s president of global operations, said on a tour of the plant. “It’s really important that this plant is able to produce more because we know we have this high demand now.”

The factory—which also assembles Ford’s Super Duty pickups—is a money minter for the automaker, churning out models that analysts estimate can generate profits that exceed $10,000 a vehicle. Those earnings are essential for Ford as it plays catch-up to rivals such as General Motors Co. and Tesla Inc. in developing battery-powered cars and autonomous vehicles.

The incremental spending is on top of the $900 million investment that Ford announced for the factory in June. Upgrades to the Kentucky truck plant in Louisville include 400 new robots, improved data analytics and a parts-making 3D printer.

Related Companies: Ford India Limited   

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Wipro Consumer Care seeks to capture Rs 4-billion liquid dish wash market
Posted on 24th May 2018
Looking to capture the West India market, fast-moving consumer goods-major Wipro Consumer Care and Lighting has launched its liquid-based dish wash in Maharashtra, the largest market for dishwashing liquids in India.

The company plans to launch the product, Giffy, pan India in the months to come to capture the liquid dish wash market which is estimated to be Rs 4 billion.

ONGC falls 10% in two days; loses market cap worth Rs 223 billion
Posted on 24th May 2018
Oil and Natural Gas Corporation (ONGC) dipped 5% to Rs 166, extending its previous day’s nearly 5% fall on BSE, after the media report suggested that the government may ask the company to share the burden to reduce fuel price.

In past two trading session, the market capitalisation of state-owned oil exploration & production company declined by Rs 223-billion to Rs 2,148-billion, the BSE data shows. The stock hit eight month low, trading at its lowest level since September 26, 2017.

Saudi's $80 oil goal eating into PM Modi's budget before polls
Posted on 24th May 2018
NEW DELHI: Prime Minister Narendra Modi has an oil problem. And it’s set to worsen with Saudi Arabia rooting for the commodity to push through the $80 barrier.

Modi’s government made the most of cheap oil by substituting any fall in prices with taxes that kept retail fuel rates unchanged for consumers and boosted the federal revenue.

Idea launches Rs 499 prepaid recharge plan to counter Jio Rs 498 plan
Posted on 24th May 2018
Idea has introduced a new prepaid recharge pack worth Rs 499 for its customers to up the game against the incumbents such as Jio, Airtel, Vodafone, and BSNL. The new Idea Rs 499 prepaid recharge offers the customers calling and data benefits for a validity of 82 days. The company has made this recharge pack available under the Unlimited Recharge line of tariffs across many circles.

Reliance Industries unit invests Rs10 crore in KareXpert Technologies
Posted on 24th May 2018
Mumbai: Reliance Industries Ltd (RIL) has made an investment of Rs10 crore in KareXpert Technologies Pvt. Ltd, an early-stage digital healthcare technology platform, two people aware of the matter said.

The investment was made by RIL’s subsidiary and investment arm, Reliance Industrial Investments and Holdings Ltd (RIIHL).

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