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| Ford Motor says to invest $75 million in India |
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MUMBAI - Ford Motor Co. said on Friday it would invest a further $75 million in India to support its future growth plans in Asia's third-largest economy.
Chairman and Chief Executive William Ford Jr. was recently in India to launch the new Ford Fiesta, which will shortly go on sale in India.
"Ford India has received approval from Ford Motor Company for an additional equity infusion of $75 million to meet the needs of our future plans," Arvind Mathew, managing director and president of Ford India, said in a statement.
Ford has invested $375 million in its manufacturing facility near the southern city of Chennai and other operations in India.
Ford began operations in India in 1996 as a joint venture with Mahindra & Mahindra. Earlier this year, Ford India became a wholly owned subsidiary of Ford Motor Co.
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Source : Reuters
(10/28/2005)
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Stories of Saturday, October 29, 2005 |
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| Murano buyers offered DVD package |
| Uncertain future for Fiat UK |
| Audi boxes clever |
| Daytona beckons, thanks to STP |
| Ford Focus ST |
| Mitsubishi Agrees to Supply Smart Engines |
| Vauxhall details new performance VXRs |
| Hyundai Puts Minivan Back On Track |
| Ex-Rover staff get Nanjing invite |
| Castrol has developed a new branded dealer programme called 'Service Rewards' which is being launched in the UK. |
| Audi Launches Europe's First Brand-Specific TV Channel |
| Next-Generation Volvo S80 Will Gain V8 Power |
| 4x4 Subaru heads to the UK |
| Struggling Ford Limits Bathroom Breaks at Navigator Plant |
| Mitsubishi Planning New V6 Outlander for U.S. |
| AutoTurkey 2006 conference set for 25-26 January |
| TRW Automotive completes Spanish airbag maker acquisition |
| Ford Delivers Hydrogen Focus Fuel Cell Fleet |
| PSA Peugeot Citron's nine-month sales up 1.3%; inventory cuts planned |
| The USO and GM Racing Bring National Hot Rod Association Drivers to Visit Troops in Germany |
| Dept of Transport: VED evasion cost rises by £18m to £147m |
| Nanjing Automobile in talks with potential Longbridge joint venture partners |
| Revenue Up, Operating Profit Up |
| Jay Leno to Present Restored 1968 Camaro to Fallen Hero's Son |
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| MADD Kicks Off 2005 Strides for Change 5K Walk October 29 at Milam Park |
| Production October 28, 2005 |
| Kia Motors reports third quarter profit fall |
| Hot Wheels Booth at SEMA Offers Much More Than Die-Cast |
| Mitsubishi To Supply Engines For Smart Car |
| Micron Technology launches new automotive image sensor chip |
| Historic Ski Jump Commercial To Celebrate 25 Years Of Quattro |
| Programs to Leave |
| Mercedes-Benz Unveils R-Class Grand Sports Tourer |
| Ford Dagenham employees mark plant anniversary with new Transit diesel |
| Nissan reports 5.5% fall in quarterly operating profit |
| Toyota Builds on the Past, Looks to the Future in 2005 North American Environmental Report |
| Autobytel's Automotive Video for Hot-Off-the-Shelf Video iPods |
| Automotive sector is now third-largest PCB consumer |
| Monaco Coach Corporation Reports Third Quarter Results |
| GM Recalls Nearly 106,000 SUVs |
| BMW revises Z4 engine line-up |
| McRae's Fabia time Down Under |
| GM recalls nearly 106,000 SUVs to fix door latch |
| AvtoVAZ Chief Calls It Quit-ski |
| Hot-Blooded 408-Horsepower Volvo XC70 Roars in to SEMA |
| Daimler unit to appeal against ruling in MAN case |
| BMW 3-Series tops thieves' wish list |
| Ford's head of hybrid program to leave |
| New Buick Crossover Christened "Enclave" |
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