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27-09-2019, 02:39 PM
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FF.Com.Au Hardcore
Join Date: Dec 2004
Location: Central Q..10kms west of Rocky...
Posts: 8,309
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If the deal goes through, it will be latest step in Ford CEO Jim Hackett's drive to staunch the bleeding from the firm's overseas subsidiaries.
https://m.facebook.com/story.php?sto...8&id=821994907 According to Bloomberg, Ford is currently in discussions with Mahindra about a joint venture in India. The proposed deal would see Ford put most of its Indian assets into the new firm, of which it would own 49 per cent. Both companies will have equal board representation and voting rights in the joint venture. Under the current proposal, Ford is seeking to keep an export-focussed engine factory and its business services division as wholly-owned entities. It's unclear how much Mahindra would pay Ford for its assets, but it's understood to be significantly less than the roughly US$2 billion ($3 billion) it has invested over recent years.
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CSGhia Last edited by csv8; 27-09-2019 at 02:45 PM. |
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Ford Mahindra Joint Venture.
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