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.
"Doug Field is one of the world's most respected engineering and product design leaders and has been a driving force behind breakthrough products across auto, tech, and mobility, including at Apple, Tesla, and Segway," Farley said in a statement.
SK Innovation, a refinery-and-battery unit under South Korea's No. 3 conglomerate SK Group.
There was no joint statement by the automakers as both of the companies issued deprecate press releases stating their reasons to end the joint venture.
Ford has had nagging quality troubles with the latches, some car transmissions and other issues that have hurt its bottom line.
The more mechanically inclined are no less-enthused ~ the "season" has come for the motoring magnificence of yesteryear to bask in nostalgia- flavoured glory.
