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Stock impact report

Ford's New Joint Venture in India Is an Expensive Good Move [The Motley Fool]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: The Motley Fool
Ford's New Joint Venture in India Is an Expensive Good Move Ford Motor Company ( NYSE:F Mahindra & Mahindra Ltd. OTC:MAHMF The new joint venture will be valued at $7 million, far below the roughly $ billion Ford has spent trying to become a major player in India's new-car market. But it still might be a good deal -- or at least the best available option -- for the Blue Oval's Indian operation. Here's what we know. The little Figo is the cheapest model in Ford's India portfolio, but it's still expensive by Indian standards. The new deal with Mahindra will give Ford lower-cost vehicles to sell. Image source: Ford Motor Company. About Ford's new joint venture with Mahindra In a joint statement, the two companies said they have agreed to form a joint venture that will "develop, market, and distribute Ford brand vehicles in India" as well as both Ford- and Mahindra-brand vehicles in other "high-growth emerging markets" around the world. Ford will transfer much, but not all, of its existing Show less Read more
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