Ford appears to be pulling out of India, with the automaker confirming plans to end production there by next year. While a sizable automotive market — fifth just behind Japan, with about 2.5 million sales annually — the region never felt like a good fit for Blue Oval. Ford’s cash cows have long been upsized SUVs and pickup trucks, whereas India has an obvious penchant for small automobiles prioritizing value above all else. This left the automaker with a paltry market share estimated below two percent and likely explains why it’s no longer interested in manufacturing vehicles there.
In Thursday’s announcement, the company confessed to having accumulated operating losses of more than $2 billion over the last decade — hence the need for restructuring. But it won’t be cutting ties with India entirely, as it wants the region to handle Ford Business Solutions and help with customer support services via the relevant information centers.
Thanks to last year’s prolonged UAW strike and this year’s global pandemic, production of Chevrolet’s new Corvette is way behind schedule. As reported previously, GM had already dialed back the expected number of 2020 C8s headed to dealers by roughly 20 percent before the coronavirus touched down in North America.
Unfortunately, reopening factories hasn’t magically transported the manufacturer into a scenario where C8 ‘Vettes are abundant and customers can rest assured they’ll see their new toy by the end of this year.
Plenty of orders have already been rolled over for 2021 model-year vehicles, especially if they’re convertibles. Now, supply chain troubles all but guarantee 2020 will be an unfortunately weak year for the mid-engined Corvette, and GM knows it. The company’s doing everything it can to get as much product out the door as possible. However, the obstacles placed in GM’s path have proven too large — and timed too perfectly — for it to ever had much of a chance at a normal product launch.
On Wednesday, Ford Motor Co. offered some clarity to salaried workers wondering just how much longer they’ll have to work from home. If you happen to be one of those individuals and missed the official announcement, we’d kindly ask you to take a seat and find something to bite down on so you don’t end up hurting yourself.
Citing ongoing safety concerns tied to the coronavirus pandemic, Ford has decided to keep salaried employees home until at least September — tacking an extra two months onto its earlier prediction.
Subaru is joining the long list of automakers closing shop on account of the coronavirus. Japanese production is being suspended at the automaker’s main plaint in the country’s Gunma prefecture from April 11th through the first of May. It’s also idling the Oizumi engine facility as it announces plans to extend the suspension of its U.S. facility in Indiana. The plant will now be idled through April 20th.
While some of the closures are due to social distancing obligations, the rest is down to parts allocation. Subaru is heavily reliant on components manufactured in China, and it’s still not clear how things are actually going there. What is clear is that Subaru (and plenty of other manufacturers) can’t do without its robust industrial sector operating at full strength. Subaru CFO Toshiaki Okada said in February that “it’s impossible to manufacture cars without China.”