Ford's Farley plans on affordable, profitable new cars via Mahindra - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Ford's new CEO will work with a major Indian carmaker to deliver 'exciting, affordable' new cars for the US and abroad

Axing cars like the Fusion meant eliminating vehicles that mass-market customers found appealing, because they're cheaper on average than SUVs. But those lower prices were a drag on Ford's profits.

Farley, at the time President of Ford's New Businesses, Technology & Strategy arm, laid the groundwork for what he shared with Wall Street last week. Ford confirmed that those vehicles would come to the US . But they'll be designed to support Farley's affordability plan.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

When I see Ford and India in the same sentence, I remember how Ford ran Jaguar into the ground, only to be rescued by India's Tata motors

What about US jobs?

thanks

Singapore Singapore Latest News, Singapore Singapore Headlines