Citi Bumps Up Price Targets For General Motors, Ford

Citi Bumps Up Price Targets For General Motors, Ford


Reuters

Overseas carmakers thinking about Ford plant in India – state minister

Overseas automakers have indicated an curiosity to the federal government of India’s Tamil Nadu state in buying Ford Motor Co’s plant there, the state industries minister stated on Thursday, after inconclusive talks with the Tata Group. Ford India stated in September it will wind down operations at a manufacturing facility in Western Gujarat state by end-2021 and car and engine manufacturing on the Tamil Nadu plant by 2022, because it didn’t see a path to profitability within the nation. “Early stage talks are occurring,” Thangam Thennarasu, industries minister of Tamil Nadu advised Reuters, including that he couldn’t give particulars of which companies had been .



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