-- 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

 

Write to Singapore editors at singaporeeditors@dowjones.com

 

(END) Dow Jones Newswires

September 25, 2019 03:26 ET (07:26 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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