Tag Archives: COVID19 losses

Setback – Ford Motor and Mahindra End JV Discussions

The failure “was driven by fundamental changes in global economic and business conditions – caused, in part, by the global pandemic – over the past 15 months.  Those changes influenced separate decisions by Ford and Mahindra to reassess their respective capital allocation priorities,” Ford said. Ford in AI’s opinion is on track to lose $400 billion this quarter. Ford and Mahindra announced an alliance in September 2017, and it was expected to be operational by mid-2020. Continue reading

Posted in electric vehicles, engineering, manufacturing, news analysis | Tagged , , , , , , | Leave a comment