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Ford shelves compact car programme for EMs

Ford invested over $2 billion in India and plans to spend more to set up a global engineering centre in Chennai

Reuters  |  New Delhi/Detroit 

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FordMotorCohasshelvedplanstoproduceanewcompactcarfamilydesignedmainlyforemergingmarketslikeIndiaandChina,industrysourcessaid,reflectingdisappointingsalesofmainstreammodelsintheworld'sfastestgrowingcarmarkets. IndiaandChinawereexpectedtobethemainmanufacturinghubsforthenewB500range,slatedtobeginproductionin2018andtoincludeapremiumsedan,hatchbackandsportutilityvehicle(SUV),twosourceswithdirectknowledgeofFord'splanstoldReuters. TheautomakerhadalsoplannedtobuilditsnewmodelsinBrazil, ...

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First Published: Sat, September 03 2016. 00:39 IST
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