Ford to concentrate on India and China for growth
June 6th, 2009 Leave a comment Visited 71 times, 2 so far today
Ford to concentrate on India and China for growth
US based auto giant Ford is going to focus on India and China for growth.
Ford is struggling in their domestic market of USA and they are relying on international markets to stay competitive.
Ford said: “India is a great market to be in, particularly so at these challenging times. The $500 million funds injection to expand operations in the country is on schedule.”
Ford is also considering making India one of their strategic production hubs for small cars.
They are already manufacturing small cars in China.
Ford India vice-president (sales) Timothy Tucker added: “Ford is arranging for funds on its own to make way through this tough time. Our presence in large markets like India and China are a comfort. When we launch the small car in India early next year, it will mark our entry into the mass segment and shore up market share.”
Automobiles, Automobiles, Cars, China, Ford, Ford Motor, Ford Motor Company, India, Timothy Tucker
Somanshu
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