Ford Motor Company will close its car factories in India and In restructuring costs Will hold the record of nearly 2 2 billion, having seen previous management as one of its three largest markets.
The carmaker said in a statement that the production of vehicles for sale in India would stop immediately and about 4,000 workers would be affected. Ford will shut down an assembly plant in Gujarat in the fourth quarter, as well as a vehicle and engine manufacturing plant in Chennai by the second quarter of next year.
Anurag Mehrotra, Managing Director, Ford India, said: “We have not been able to find a sustainable way forward for long-term profitability, including vehicle manufacturing in the country.”
Watch the video: People don’t come close to the haunted house! The man who cremated his wife at home, see what happened next!