Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors Ltd, and Ford India Private Limited (FIPL), have today signed a Memorandum of Understanding (MOU) with the Government of Gujarat (GoG) for the potential acquisition of FIPL’s Sanand vehicle manufacturing facility including (i) Land & Buildings (ii) Vehicle Manufacturing Plant, Machinery and Equipment and…
Ford Motor Company announced the appointment of Brett Wheatley as chief executive officer of TransLoc, a transportation software solutions company that’s part of the Ford Mobility portfolio. The move will bolster the continued growth of the Ford subsidiary and help set it on a successful path to the future. Wheatley will report to Scott Griffith,…
Ford Motor Company and Mahindra & Mahindra have mutually and amicably determined they will not complete a previously announced automotive joint venture between their respective companies. The decision follows the passing of the Dec. 31 “longstop,” or expiration, date of a definitive agreement the organizations entered into in October 2019. According to the companies, the…
Ford Motor Company announced that Jim Hackett, who has led the company’s transformation since 2017, plans to retire from the company. Jim Farley has been named the company’s new president and CEO and will join the board of directors, effective Oct. 1. Hackett and Farley will work together on a smooth leadership transition over the…
Mahindra and Mahindra Ltd and Ford India Pvt. Ltd. have signed two definitive agreements on powertrain and connected car solutions on Wednesday, thereby strengthening their strategic alliance that started in September last year. The companies have also signed five Memoranda of Understanding (MoU) earlier this year in March 2018. Under the definitive agreement on powertrain sharing, Mahindra…
Ford Motor Company, the second-largest American multinational automaker headquartered in Dearborn, Michigan has announced on Friday to its 70,000 salaried employees that they will face unspecified job cuts globally as part of the automaker’s $11 billion restructuring. On July 25, Ford’s Chief Executive Officer Jim Hackett announced that the company is planning on a restructuring but,…