Ford Motor Co.

NYSE:F   3:59:58 PM EDT
14.17
+0.39 (+2.83%)
4:57:06 PM EDT: $14.17 -0.01 (-0.04%)
Layoffs, Products, Expansion

Ford Restructures India Operations

Published: 09/09/2021 09:50 GMT
Ford Motor Co. (F) - Ford Restructures India Operations: Plans to Grow Ford Business Solutions; Serve Customers With Iconic Global Vehicles; Cease Local Vehicle Manufacturing.
Ford Motor Co - Significantly Expand Its 11,000-employee Business Solutions Team in India in Coming Years.
Ford Motor Co - Ford India Will Cease Manufacturing Vehicles for Sale in India Immediately.
Ford Motor Co - Manufacturing of Vehicles for Export Will Wind Down at Sanand Vehicle Assembly Plant by Q4 2021.
Ford Motor Co - Ford Will Work Closely With Employees, Unions, Dealers and Suppliers to Care for Those Directly Impacted.
Ford - Manufacturing of Vehicles for Export Will Wind Down at Sanand Vehicle Assembly Plant by Q4 2021, and Chennai Engine and Vehicle Assembly Plants by Q2 2022.
Ford Motor Co - Restructuring is Expected to Create a Sustainably Profitable Business in India.
Ford Motor Co - Ford Will Focus on Growing Its Ford Business Solutions Capabilities and Team in Country.
Ford Motor Co - Ford Will Begin Importing and Selling Must-have, Iconic Vehicles, Including Mustang Coupe.
Ford Motor Co - Approximately 4,000 Employees Are Expected to Be Affected by Restructuring.
Ford Motor Co - Ford India Will Maintain Parts Depots in Delhi, Chennai, Mumbai, Sanand and Kolkata.
Ford Motor Co - Currently Expects to Record Pre-tax Special Item Charges of About $2.0 Billion, Including About $0.6 Billion in 2021.