Ford announces $275 million joint venture with Mumbai-based Mahindra PUBLISHED 41 MIN AGOUPDATED 26 MIN AGO Michael Wayland @MIKEWAYLAND KEY POINTS Ford has agreed to sell 51% of its business operations in India to Mahindra & Mahindra. The sale was announced Tuesday as part of a $275 million joint venture that will develop, market and distribute Ford brand vehicles in India and partnerships in other emerging markets. The tie-up is the latest for Ford under CEO and President Jim Hackett as part of an $11 billion restructuring plan.
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