Radio Gold 90.5 FM
  • Home
  • News
  • Politics
  • Sports
  • Business
  • Technology
  • Education
  • Opinion
  • World
  • Insurance
  • Radio
No Result
View All Result
  • Home
  • News
  • Politics
  • Sports
  • Business
  • Technology
  • Education
  • Opinion
  • World
  • Insurance
  • Radio
No Result
View All Result
Radio Gold 90.5 FM
No Result
View All Result
Home Asia

Tata Motors to buy Ford car plant in India

by Ahmed Kabore
August 8, 2022
in Asia, World News
Reading Time: 2 mins read
0
Tata
7
SHARES
182
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT

Indian automaker Tata Motors has agreed to buy a Ford manufacturing plant in the western state of Gujarat for 7.26bn rupees ($91.5m).

The deal comes as Tata moves to boost its car production to meet demand.

The deal between Tata’s electric vehicle subsidiary and the US car maker’s Indian unit covers land, machinery, and all “eligible employees”.

Ford stopped production in India last year after struggling for more than two decades to generate profits there.

ADVERTISEMENT

“With our manufacturing capacity nearing saturation, this acquisition is timely and a win-win for all stakeholders,” Tata Motors said in a statement.

The parent company of the UK’s Jaguar Land Rover added that annual production at the Sanand plant will initially give it a new capacity of 300,000 vehicles a year, which could be increased to 420,000.

The announcement marks an important step forward in Ford’s efforts to restructure its Indian business, Ford transformation officer Steve Armstrong said.

In September last year, Ford said it would close its Indian car factories as part of a move that would cost it around $2bn.

At the time, the US carmaker said that about 4,000 workers would be affected by the decision.

Ford’s operations in India had seen losses of $2bn in the previous ten years.

The major scaling back in its Indian operations was in stark contrast with the company’s previous ambition to make the country one of its biggest markets.

Source: bbc.com
Share7TweetSendShare
Previous Post

My ministers are performing so no need for a reshuffle – Akufo Addo

Next Post

DON’T JUDGE JORDAN AYEW BY GOALS ALONE – JOHN BENNETT

Related Posts

Putin
World

Russia Ukraine Putin: We’ll bomb any country that arrests Putin over ICC warrant – Ex-Russian president

March 24, 2023
Putin
World

ICC issues arrest warrant for Putin over war crime allegations

March 17, 2023
King Charles
Top Story

King Charles III, the new monarch

September 9, 2022
Load More
Next Post
“I’m not bothered about my goal drought” – Jordan Ayew

DON’T JUDGE JORDAN AYEW BY GOALS ALONE - JOHN BENNETT

Jordan Ayew: Black Stars striker speaks exclusively to Radio Gold Sports

EPL IS COMPETITIVE IN NATURE - JOHN BENNETT

“Don’t judge Franck Mbella by a season” – Prince Tagoe

Kotoko: “The club has no problem without a coach” - Akoto

  • Some Ashaiman ladies selling their egg

    Some Ashaiman ladies selling their egg, ovaries for Ghc3000 or iPhone with portrait imagery — Report

    239 shares
    Share 239 Tweet 0
  • From Tears to Joy, Kwabena Yeboah Smiles Again, Africa to Get 10 Places At The World Cup.

    73 shares
    Share 73 Tweet 0
  • VIDEO: Details about Lake Bosomtwe s3xtape emerge as bonking lovers get stuck

    55 shares
    Share 55 Tweet 0
  • Headmistress withheld results as Tyrone Marghuy tops the class in Science & Elective Maths, despite admission woes

    244 shares
    Share 244 Tweet 0
  • Am surprised at how everybody is now talking about Paul’s alleged cheating- Barker

    19 shares
    Share 19 Tweet 0

radio gold 90.5 fm is one of the first private radio station in Ghana. radio gold 90.5 fm Your Power Station

Recent Posts
  • Afram Plains North MP decries extremely challenging registration exercise in her constituency September 20, 2023
  • We will not do anything to jeopardize Ghana’s power system – West African Gas Pipeline Company September 19, 2023
  • Minority will oppose your CI if guarantor system is not included – Suhuyini to “adamant” Jean Mensah September 14, 2023

© 2018 Radio Gold 90.5 fm –  All rights reserved. Own and operated by Network Broadcasting Company Ltd.

  • Contact
  • Privacy Policy
  • Terms and Conditions
  • Advertise
  • Disclaimer
No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2023 Radio Gold 90.5 fm - Operated and own by NewbyNetwork Broadcasting Company Ltd Radio Gold.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT