New Delhi, Sep 10 (PTI) A day after US auto major Ford made the surprise announcement of stopping vehicle manufacturing in India, a senior government source on Friday said the decision in no ...

.Chennai, Tamil Nadu, India
Ford's plans to shut shop has put 4,000 jobs at risk. (Picture Credits: Representational Image/ Unsplash)

  • Ford Motor Co. decided to shut down its operations in India
  • The assembly plants in Gujarat and manufacturing plants in Tamil Nadu will be closed by end of 2021 and Q2 of 2022 respectively
  • Ford is the second American car manufacturer after General Motors to leave India

.Chennai, Tamil Nadu, India
Ford was among the first multi-national automotive companies to enter our market back in 1994. (Photo Credit: Twitter/@Ford)

  • Ford is exiting the Indian market because it is not profitable
  • Ford has invested over $2 billion in India
  • The automaker will continue to sell some of its cars in India through imports

.Detroit, MI, USA
Automakers reported that U.S. dealers had just under a million new vehicles on their lots in August. (Photo Credit: AP)

  • General Motors announced halting production at eight plants
  • Ford will stop making pickups at its Kansas City Assembly Plant
  • The cuts will compound an already short supply of cars, trucks and SUVs on dealer lots 

.United States
GM said the Bolts should be parked outdoors until the modules are replaced. (Photo Credit: Twitter/@GM)

  • The recall raises questions about lithium ion batteries
  • The recall will cost the company about $1 billion
  • Owners will be notified as soon as replacement parts are ready

.Detroit, MI, USA
The F-150 was first introduced in 1948, and remains one of Ford's classic offerings in the pickup section. (Photo credit: Screenshot/Instagram/@Ford)

  • This comes after Ford's $22 billion bid to ramp up electric vehicle production by 2025
  • Chairman Bill Ford termed the car as the 'smartest, cleanest' model in the line-up
  • Apart from on-road capabilities, the vehicle can reportedly act as an enegy source for a household for nearly 72 hours

.Washington, D.C., DC, USA
Addressing the CEOs, Biden said he was "ready to work with all of you". (Photo Credit: AFP)

  • The group included leaders of General Motors, Alphabet/Google, and Intel
  • "We're going to lead the world again," Preisdent Biden promised
  • A shortage of semiconductors wreaks havoc on supply chains in several sectors