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"Foreign Carmakers Interested In Acquiring India's Ford Motor Plant": Minister

Ford Motor is expected to wind down operations at its Tamil Nadu plant in 2022
Ford Motor is expected to wind down operations at its Tamil Nadu plant in 2022
Foreign automakers have indicated an interest to the government of Tamil Nadu in acquiring Ford Motor Co's plant there, the state industries minister said on Thursday, after inconclusive talks with the Tata Group. Ford announced plans to stop production in India in September, as it did not see a path to profitability there. The carmaker expected to wind down operations at its vehicle and engine manufacturing unit in Tamil Nadu by 2022.
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