Ford to Re-enter India to Boost Exports: Is the Stock Worth Buying?
Ford Motor(F) ZACKS·2024-09-16 21:16
U.S. auto biggie Ford (F) is set to make a comeback in India, two years after shutting down production in the world's third-largest car market. The automaker plans to revive its manufacturing facility in Tamil Nadu, focusing on exports rather than domestic sales. This move aligns with Ford's broader “Ford+ Growth Plan,” which emphasizes global market expansion. Tamil Nadu is home to several car manufacturers, including Hyundai, Nissan (NSANY) and Renault (RNLSY) . Auto companies like VinFast (VFS) and Tata ...