Ford Motor Co., plans to use low-cost engineering it learned in India to develop compact models for other emerging markets, executives said, emulating a strategy used by Asian rivals that outsell it in the world's fifth-largest auto market, reports Reuters. Ford aims to expand market share from the current 3%...
Ford Motor Invests $1 Billion in Indian Auto Plant
Reuters reports that Ford Motor Company has inaugurated a heavily automated auto manufacturing plant at a cost of $1 billion in the western state of Gujarat to triple its exports from India. At the inauguration, Ford chief executive Mark Fields said, “India is very cost competitive, which is important particularly...