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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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Ford Motor Co has shelved plans to produce a new compact car family designed mainly for emerging markets like India and China, industry sources said, reflecting disappointing sales of mainstream models in the world's fastest growing car markets. India and China were expected to be the main manufacturing hubs for the new B500 range, slated to begin production in 2018 and to include a premium sedan, hatchback and sport utility vehicle (SUV), two sources with direct knowledge of Ford's plans told Reuters. The automaker had also planned to build its new models in Brazil, ...

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