Items Tagged with 'Mahinndra ford joint venture'

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Mahindra Announces JV with Ford Motor, Tractor Exports Drop 41%

Ford Motor announced on Oct. 1 that it has agreed to sell a majority share (51%) of its business in India to Mahindra & Mahindra as part of a $275 million joint venture, according to a report by CNBC. This venture will develop, market and distribute Ford brand vehicles in India and Ford brand and Mahindra brand vehicles in “high-growth emerging markets around the world,” according to Ford.
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