India agreed to shut down its factory and exit after Ford of the United States took 4 billion dollars
According to a report by The Times of India on October 12, after four years of operation, the Ford Motor Company's Chennai factory in India, after spending 2 billion dollars on post-operations, finally received approval from the Indian government to temporarily shut down. Thus, Ford Motor has been in the Indian market for 29 years since entering India in 1996, but its market share in the Indian automobile market is only less than 2%. After operating at a loss of 2 billion dollars, spending 2 billion dollars on post-operations, and giving India 4 billion dollars, it ended up with a sad conclusion.
It seems that India is truly a graveyard for foreign investment. Not only Chinese capital, but also American capital is being cut without mercy. No wonder Trump recently imposed strict sanctions on India.
Original text: www.toutiao.com/article/1845821649135628/
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