At least 50 per cent of the 2,000-odd employees at Ford's Chennai factory have agreed to restart work at the unit, a Ford India official said on Monday. The plant had to shut down due to a staff strike that started on May 30. The company also warned protesting workers of loss of pay, effective June 14, and urged them to get back to the shopfloor. Ford said it would continue to hold talks with the unions.
Earlier in May, Ford India announced that it had dropped its plans to make electric vehicles (EVs) in India, which it intended to export, under the production-linked incentive scheme (PLI). Ford was among 20 companies that had signed a Champion OEM Incentive Scheme under the PLI project with the government in February this year. The decision comes as a blow for the 4,000-odd employees at Ford India's Maraimalai Nagar plant near Chennai and in Sanand, Gujarat. In September last year, the company had announced that it would exit the India market, which it had entered in 1995 through an on-again, off-again joint venture with Mahindra & Mahindra (they split in 1998, signed a JV in 2019 and split again in December 2020), retailing petrol and diesel brands such as the EcoSport, Figo, Aspire, and Endeavour.
Employees at Ford India's Chennai unit have called off the strike that started on May 30. Following this, the company has revised its severance package from earlier 115 days to 121 days for employees supporting production. The company indicated it would continue 'constructive discussions' with the unions in order to sweeten the deal further, if required.
The BAFTAs were held at London's Royal Festival Hall on February 16.
US auto major Ford Motor Co will shut its two manufacturing plants in India and will sell only imported vehicles in the country as part of a restructuring exercise, according to people aware of the development. The company, which invested about USD 2.5 billion at its Chennai (Tamil Nadu) and Sanand (Gujarat) plants, will stop selling vehicles such as the EcoSport, Figo and Aspire which are produced from these plants. Going ahead, it would only sell imported vehicles like Mustang in the country.
An electric vehicle exploded and caught fire outside the Trump International Hotel in Las Vegas on Wednesday, according to officials and videos on social media.
Giving a fresh twist to the Ford India employees' strike at the firm's Maraimalai Nagar factory, the company has set the deadline for Monday evening for workers to accept a 'non-negotiable' severance package it is offering. It also indicated the possibility of legal action against workers from June 14 (Tuesday) and warned of early closure of the unit, before completing remaining export volume production. For the past 14 days, some 2,000 employees at the unit had struck work, seeking a better package from the company.
To celebrate its 50 years of making SUVs, Ford invited MotorBeam all the way to the Philippines to drive their various offerings at different kinds of terrains to show off their true capabilities.
Sri Lanka's Head Coach Graham Ford has resigned from his position, Sri Lanka Cricket (SLC) head Thilanga Sumathipala said on Saturday.
A 26-year-old woman died after being hit by a Sports Utility Vehicle (SUV) in Malad area of north Mumbai, the police said on Wednesday.
Check out the stunning attendees at the Tira beauty store launch.
New Zealand's big-hitting opener Chad Bowes smashed the fastest double hundred in List A cricket on Wednesday, reaching the mark in just 103 balls.
The automotive business includes vehicle manufacturing plants of Ford India in Chennai and Sanand.
Apple and its vendors are aiming to assemble 32 per cent of iPhone's global production volume and 26 per cent of its value in India by 2026-27 -a year after the final year of the five-year production-linked incentive (PLI) scheme for mobile devices. This could translate into a production value of over $34 billion, assuming global iPhone sales remain consistent with 2023-24 (FY24) levels. The estimates are based on discussions between Apple Inc and its vendors, along with central and state governments, regarding the assembly of products in India, according to sources.
Carter was in politics, but not a politician, certainly not a transactional politician, points out Shreekant Sambrani.
Ford, which had announced to quit the Indian market last year, said it was exploring the possibility of using one of its plants in India to produce electric cars for exports.
The new millennium has seen a downturn in profits for this brand. But knowing the legacy that is Ford, it can be safely said that success is just around the corner.
A quick look at the winners of the 82nd Annual Golden Globe awards.
Tata Motors on Monday said its subsidiary and Ford India have inked a pact with the Gujarat government to acquire FIPL's Sanand vehicle manufacturing plant. Tata Passenger Electric Mobility Ltd (TPEML) -- a subsidiary of Tata Motors -- and Ford India Pvt Ltd (FIPL) have today signed a memorandum of understanding (MOU) with the Gujarat government for the potential acquisition of FIPL's Sanand vehicle manufacturing facility, including land, buildings, vehicle manufacturing plant, machinery and equipment, Tata Motors said in a regulatory filing. The MoU also includes the transfer of all eligible employees of FIPL Sanand's vehicle manufacturing operations, subject to the signing of definitive agreements and receipt of relevant approvals, it added.
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US Secretary of State John Kerry on Monday visited auto major Ford India's upcoming manufacturing plant in Gujarat.
We no longer have the ambition to rival China save through words. We are happy to be fighting ourselves and digging up disputes from centuries ago as a substitute for real development, argues Aakar Patel.
South Africa handed a debut to fast bowler Kwena Maphaka, who at the age of 18 years and 137 days is the youngest to play in a T20 International for his country.
According to CITU, around 90% of the 1,723 workers of the Sriperumbudur plant are participating in the strike. Samsung said it is ready to talk to employees and not a third party like CITU.
Mahindra group and Ford Motor Co will jointly develop new SUVs and a small electric vehicle as part of several initiatives to take forward their collaboration pact signed last year.
Besides their country of origin, General Motors, Ford Motor and Harley-Davidson have another trait in common: all three have failed in India, the world's fifth largest automobile market. All three of them took a tough call to de-prioritise India as a market amid disruption from heightened regulations and sharper focus on capital allocation by the parent.
Ford unveiled the global Ford Figo Concept in India, a move aimed at strengthening the company's compact car portfolio.
Ratan Tata was one of the world's most influential industrialists yet he never appeared on any list of billionaires. He controlled over 30 companies that operated in over 100 countries across six continents yet lived an unpretentious life. Ratan Naval Tata, who died at a Mumbai hospital on Wednesday night at the age of 86 years, enjoyed a perhaps unique status -- a corporate titan who was considered a 'secular living saint' with a reputation for decency and integrity.
Aishwarya Rai Bachchan looked gorgeous in her first appearance at this year's Cannes International Film Festival.
In wake of the coronavirus pandemic, US auto major Ford has asked its 10,000 employees in India, except those in business-critical roles, to work from home, a step which has also been taken up by Swedish luxury car maker Volvo. A Ford India spokesperson said, in recent days, the company has concluded that the issue of coronavirus has taken on a different dimension.
Sukanya Verma gives us some interesting options.
Indian-American Raj Nair, executive vice president and president of Ford North America, has been asked to leave the Detroit-based motor company following allegations of misconduct at work place, has been replaced by another Indian-American, Kumar Galhotra.
South African Graham Ford will take over as the chief coach of the Sri Lankan cricket team for his second stint replacing Marvan Atapattu, who had stepped down five months back. Ford is expected to join the side in February before the three-match T20 International series against India. The news was announced in Surrey county's website as they confirmed their current coach Ford's decision to leave for international assignment. Ford had earlier coached Sri Lanka for two years starting from 2012.
There's hardly anything that can go wrong with this vehicle since it offers everything that a buyer in this segment would ever want.
A sneak peek of some extraordinary entries for the 60th annual Wildlife Photographer of the Year event.
Canadian Member of Parliament Chandra Arya also condemned the violence and said that a "red line has been crossed" by Khalistani extremists, highlighting the rise of brazen violent extremism in Canada.
With diesel cars set to become costlier from next year with the implementation of stricter BS-VI emission norms, major automakers in India are contemplating about the future of such vehicles in their portfolios.
EcoSport accounts for almost 40 per cent of the cumulative one million units sold by Ford in India till date, which is a reason why more than half of its future launches could be SUVs.
There is another common trend among these three players - they are all registering a volume decline in a market that is expanding at over 8 per cent
Those on the lookout for a fun, practical and convenient compact SUV will not be disappointed by the Ford EcoSport.
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