Ford Motor Co. is reversing plans to cede most of its Indian operations to Mahindra & Mahindra Ltd., deciding to pull out of a proposed joint venture and continue its standalone business in the country. The companies agreed to terminate the venture after reassessing in part due to the global coronavirus pandemic, they said Thursday. The decision ends a deal reached more than a year ago under which Ford was expected to fold its local operations, including two factories, into a JV that would be majority-controlled by Mahindra, a leading Indian manufacturer of sport utility vehicles. The future of Ford’s business in India is unclear as it has struggled for more than two decades to grow in the world’s fourth-largest auto market. “The company is actively evaluating its businesses around the world, including in India,” Ford said a statement.
democratic senator ken conrad. that last point is what the hope is. the co-ops again, is credit union a fairway to describe it? we have hundreds of them in my home state of north dakota. farm plots. we have them at every variety. it works extremely well. it s really the motivation for this. i read the book tr reid wrote, the healing of america. he looked at systems that worked. what he found was universal coverage and at least the opportunity for universal coverage, but not government-run systems. private insurance. this not for profit model he found especially effective. that was the impetus for the co-op plan. you satisfied with what you have seen. some can t get started because of that. i was extremely disappointed what they did in the last