Latest News
- Hyundai IONIQ 5 And Palisade Named Top Vehicles Of 2024 By RPM
- First Carbon Fiber Aero Kit For 2024 Tesla Model 3 Unveiled By Unplugged Performance
- Lincoln Nautilus Lauded For Luxurious Interior And Cutting-Edge Digital Experience
- Toyota Pledges $1.4 Billion To U.S. Plant For New Electric SUV, Creating 340 Jobs
- Genesis And Foundation Boost STEAM Education With $20K Donation In Central Florida
- O’Gara Reveals New Aston Martin Vantage Models In Beverly Hills Event
- Renault Electrifies Roland-Garros With The Renault 5 E-Tech Electric Special Series
- Chevrolet Blazer EV Secures Spot In 2024 Wards 10 Best Interiors & UX
- 2025 Ram 1500 RHO Sets New Standards For Off-Road Truck Value And Performance
- Hyundai's 2024 Santa Fe And Kona Secure Wards Best Interiors & UX Awards
Ford Reviewing Future Operations In India And Other Emerging Markets
Ford CEO Hackett is reviewing future operations in India and other nations as well.
Ford Motor Co. CEO Jim Hackett is reviewing operations in India and other emerging markets.
Hackett, who took over as CEO in May 2017, has informed investors that he is working on a 100-day review of Ford's operations.
Recommended Video
The CEO came short of sharing details of the process, except indicating that it is looking at the carmakers' luxury vehicle strategy, the future of its small vehicles and investments in emerging markets.
Ford Chief Financial Officer Bob Shanks told that the review covers a range of issues, including the strategy for India.
"We have a lot of work to do (as) we address issues of how to fix India," Shanks said. "Everything is on the table."
General Motors said it would stop selling cars in India in May 2017 but will continue to manufacture cars for export only. Shanks said no decision has been made and noted that the company has a larger business in India compared to GM. "We are very cognizant that will be the third-largest market in the world," he said.
"Some big decisions will be made," Shanks said, but he warned Ford might not disclose all those decisions at the end of the 100-day review.
Apart from India, Ford is also examining its manufacturing plants as well as model strategy. One of the plans of Ford is to develop a self-driving commercial vehicle in 2021. Hackett is reviewing the timing and investment into the project of putting a commercial ride-sharing fleets by 2021.
DriveSpark Thinks!
Ford India has been facing severe competition in every segment and reviewing their strategy will help them consolidate its presence in one of the biggest automobile markets in the world.