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home / news releases / is this ford s alternative to giving up on india

F - Is This Ford's Alternative to Giving Up on India?

Ford Motor Company

Is Ford Motor Company (NYSE: F) about to throw in the towel in India?

Reuters is reporting that Ford is close to a deal to transfer most of its assets and employees in India into a new joint venture with Indian automaker Mahindra & Mahindra (OTC: MAHMF).

According to the report, Mahindra would have a controlling 51% stake in the new joint venture, with Ford holding the remaining 49%.

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Stock Information
Company Name: Ford Motor Company
Stock Symbol: F
Market: NYSE
Website: ford.com
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