Ford returns to TN, to invest Rs 3,250 crore for ‘GenNext’ engine production in Chennai facility
Ford had stopped manufacturing cars in 2022 after shutting down operations a year earlier at its plant in Maraimalai Nagar.
Ford had stopped manufacturing cars in 2022 after shutting down operations a year earlier at its plant in Maraimalai Nagar.
The sale of battery electric vehicles (BEVs) is set to hit the 10-million milestone this year, marking a significant achievement for the global passenger vehicle market, a report showed on Tuesday.
Meanwhile, the US-based automaker has sold a majority of electric vehicle startup Rivian shares.
Ford and Volkswagen-backed self-driving startup Argo AI, which came into the scene in 2017 with a $1 billion investment, is reportedly shutting down.
Ford Motor’s spokesman informed that the job cuts are effective September 1.
In a statement, top leaders have informed that the company is going to change its way of operation by deploying new technologies.
It also told dealers to temporarily halt selling the popular electric vehicle. this malfunctioning may cause may render the vehicle immobile.
If Ford hits that 600,000 figure, it would double the number it had expected to produce over the next two years, the report said.
We will once again like to reiterate the fact that FADA will continue to stand strong with its dealer members and will do whatever is possible for them, spokesman said.
The former Chief Minister called upon Stalin to directly talk to the company management and the employees and try for continued operation of the plant. He also said that the government should ensure that employees don't lose their jobs.
