Ford to Transfer India Business to JV With Mahindra -Bloomberg
25 Setembro 2019 - 04:41AM
Dow Jones News
-- Ford Motor Co. (F) is set to transfer most of its assets in
India to a joint venture with Mahindra & Mahindra Ltd.
(500520.BY) after failing to grow a sizable business there for more
than two decades, Bloomberg reported Wednesday, citing unnamed
sources.
-- Mahindra, one of India's largest automakers, will own 51% of
the new entity, while Ford will get equal voting rights and board
representation, Bloomberg said, adding the venture will be
announced as soon as next week.
Full story: https://bloom.bg/2lljZy1
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(END) Dow Jones Newswires
September 25, 2019 03:26 ET (07:26 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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