Mexican Media Brands
Mahindra, Ford Ponder Expanded Retail Sharing
Mahindra & Mahindra Ltd. tells India’s Economic Times it has begun with Ford Motor Co. about tapping Ford’s retail networks in Thailand, Russia and South Africa.
#economics
Share
Mahindra & Mahindra Ltd. tells India’s Economic Times it has begun with Ford Motor Co. about tapping Ford’s retail networks in Thailand, Russia and South Africa.
Managing Director Pawan Goenka tells ET those discussions, which were first revealed in March, are still at a “very initial stage.” The newspaper notes that Mahindra already has shared its dealer network in India to help Ford build sales in India’s second- and third-tier markets.
A year ago the two companies announced a three-year initiative to find ways to collaborate on advanced mobility, connectivity and electric car projects in India. In March they agreed to develop an electric vehicle and at least one SUV for the local market.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.