Why Ford’s India dream turned nightmare

NEW DELHI — When Ford Motor Co built its first factory in India in the mid-1990s, U.S. carmakers believed they were buying into a boom — the next China. The economy had been liberalized in 1991, the government was welcoming investors, and the middle class was expected to fuel a consumption frenzy. Rising disposable income […] September 19, 2021 at 07:02AM

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