While Ford is building the Mach-E in Mexico, CEO Jim Hackett said the company employs more workers in the US than its competitors
India's auto sector has gone into a tailspin this year as tight liquidity at shadow banks, high taxes and a weak rural economy have sapped consumers' buying power
The two companies have for months been negotiating the deal
The 2019 EcoSport line-up showcases Ford India's continuous efforts to increase localisation, resulting in greater value being passed on to customers across the variants, the company said
The company has said it was undertaking a major restructuring, and it will have trimmed thousands of jobs by August
Ford said select 2011-2013 model year trucks with six-speed automatic transmission could experience an unintended downshift into first gear without warning
The Chicago assembly plant will stop building the Ford Taurus at this end of this month as it boosts SUV production
Utility vehicles (UV), which accounted for three per cent of the vehicles sold in 2013, has climbed to 16 per cent the last year and is expected to further rise to 24 per cent in the next three years
Company's exports have been hit since August owing to component supply issues and new model planning
Most of the company's operations in India are in the exempted categories
Ford India produced a record 2,52,959 vehicles in FY17, helped by a 43% surge in export volumes
Ford is exploring hybrid electric vehicles segment in India
The company in January also announced a $700 mn investment in its Flat Rock Assembly plant
Since 2013, Ford has exported over 200,000 Ecosports made at its factory in Chennai
Ford is also remaking its headquarters and main development centre in Dearborn, Mich
Argo AI employees will have a minority equity stake in the venture
Ford is counting on Salesky and Rander to hire about 200 employees during the next year
Ford is Britain's biggest engine maker and its top-ranked car brand by sales with 12% market share
Ford said profit would improve in 2018 but in 2017 the company would be pressured
The loss to the economy, could run into the hundreds of millions of dollars