Good afternoon to everyone… and a Happy New Year to you all.
On behalf of the entire leadership team of Ford Motor Company, I'm absolutely thrilled to be announcing our plans to expand operations in India – through an investment of $500 million US dollars – which will allow Ford India to achieve significant volume production of both vehicles and engines within the next two years.
It's the third major announcement within the last six months in our Asia Pacific and Africa region …and clearly shows the confidence that the senior leadership team of Ford Motor Company has in the extraordinary potential of the India market, and illustrates the significance of Ford India's role in the Company's continued expansion and overall strategy for the region.
This new investment considerably increases our total investment in India to more than $875 million… which will be used to execute a long-term strategic plan that we've developed for the future of our India business...and one that is tied to our overall global strategy.
I would like to offer my sincere thanks and appreciation to the Tamil Nadu government… for their ongoing cooperation and support of Ford Motor Company…and for their understanding that our commitment to growth in India has never been stronger.
Our long term India plan is anchored on two major components – a new engine manufacturing facility… and the expansion of our vehicle manufacturing facility, adding a new production line that will accommodate our new small car offering for India, and solidify Ford's competitive position in the heartland of the India market.
Our new fully-integrated engine manufacturing plant will have the flexibility to build both Ford's next-generation diesel engine, and our petrol engines…and will be Ford's first engine manufacturing plant outside of Europe with the ability to build diesel engines.
We believe that the timing is now right to begin implementing a long-term strategy for India, and today's announcement marks a significant step forward for Ford in the Asia-Pacific and Africa region… and for Ford globally.
Lastly…I want to specifically call out the hard work and dedication of our Ford India employees and our many business partners in India…who over the past 10 years have helped us build the foundation on which this investment is being placed.
Thank you for your attention…and I'll now turn it over to Arvind Mathew to provide you with more details of our expanded operations and future of Ford India.
2 comments:
HOW CAN YOU BE THRILLED THAT JOBS ARE EXPAINING IN INDIA.WHEN THERE ARE JOBS LEAVING THE USA EVERY SINGLE DAY. MILLIONS OF PEOPLE ARE ON UNEMPLOYMENT BECAUSE OF THIS TYPE OF STUFF. WHY CANT JOBS LIKE THAT EXPAND IN THE USA. I WORKED AT DELPHI AUTOMOTIVE FOR ONLY A YEAR. BECAUSE OF JOBS GOING OVER SEAS AND TOO MEXICO! MAYBE YOU WILL SET DOWN AND THINK ABOUT THIS WHEN SOMEBODY THAT CANT EVEN SPEAK ENGLISH TAKES YOUR JOB! THEN HOW THRILLED ARE YOU GOING TO BE.
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