According to two sources quoted by Reuters, Ford Motor Co (F.N) will stop producing cars in India and close its operations, becoming the latest carmaker to exit a market still dominated by Asian rivals.
The American manufacturer took the choice because continuing would be unprofitable, and the procedure will take roughly a year to complete.
Ford is the latest American automaker to pull out of India, joining the likes of General Motors (GM.N) and Harley-Davidson (HOG.N) in exiting a market that once promised exponential development.
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