NEW TECHNOLOGIES:
Ford reunites with Mahindra in Indian push
Ford and Mahindra form partnership for three years
Ford gave its lagging Indian operations a boost by reuniting with local sport utility vehicle maker Mahindra to explore electric cars and new technologies, as the US company tries to gain a foothold in a country that is set to become the world’s third-biggest car market. Ford and Mahindra have formed a partnership for three years, aiming to co-operate in areas including mobility programmes, connected vehicle projects, electrification and distribution within India, improving Ford’s reach in the country, the vehicle makers said on Monday. The companies parted ways in 2005 from a venture that mostly made sedans. The development is an about-turn for Ford after previous CEO Mark Fields put the business in India under review. Jim Hackett, who became CEO after Ford’s board ousted Fields in May, has now found a way to stay in India while sharing costs with Mahindra on product development and sourcing. In May, General Motors announced it was stopping sales in the Indian market. "Ford is comm...
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