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Ford becomes the latest US car manufacturer to exit India

Posted bySumit Arora Published On September 16th, 2021 Leave a comment on Ford becomes the latest US car manufacturer to exit India
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Ford Motor Co. will stop making cars in India and record roughly $2 billion in restructuring charges, scaling back significantly in a country that past management saw becoming one of its three biggest markets. Ford will wind down an assembly plant in Gujarat by the fourth quarter, as well as vehicle and engine manufacturing plants in Chennai by the second quarter of next year.

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Ford Motor Company has announced that it would stop producing cars in India as the global auto industry continues to grapple with a shortfall in semiconductors and other components due to supply chain disruptions. Other US companies that stopped operation in India are Ford’s American rival General Motors (GM) and the American motorcycle company Harley-Davidson.

Important takeaways for all competitive exams:

  • Ford Motor Co CEO: Jim Farley;
  • Ford Motor Co Founder: Henry Ford;
  • Ford Motor Co Founded: 16 June 1903;
  • Ford Motor Co Headquarters: Michigan, United States.

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About the Author
Sumit Arora
Sumit Arora
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As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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