Ford and Mahindra confirm comprehensive India and emerging markets JV

Ford and Mahindra have confirmed a new joint venture in India, heralded last week by a media report. This is the second time in six months the Detroit automaker has handed control of most of its operations in a once-promising emerging market to a local partner and follows the March 2019 decision to end the Russian passenger car making joint venture with Sollers to focus on the still-profitable Transit commercial van JV.