Ford Motor Co. and Indian industrial conglomerate Mahindra & Mahindra Ltd. dissolve a cross-holding agreement that has spanned nearly a decade. Under the agreement brokered on the Bombay Stock Exchange, Mahindra sells its 15.88% stake in Ford India, while Ford sheds its 5.16% share of the Indian conglomerate, which launched an automotive division in 1994. Ford’s sale of 6 million shares has netted the company Rp2.89 billion ($66 million), according to Reuters. News of the sale ...
Premium Content (PAID Subscription Required)
"Ford India, Mahindra Shed Cross-Holding Agreement" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.