Ford, Mahindra Exploring Strategic Pact
September 18 2017 - 11:07AM
Dow Jones News
By Anant Kala
Ford Motor Co. and India's Mahindra Group have agreed to explore
forming a strategic pact in a variety of fields such as development
of electric vehicles, mobility programs and connected vehicles.
"The agreement between the two companies will allow each to
leverage their mutual strengths during a period of unprecedented
transformation in the global automotive industry," the two
companies said in a joint statement.
Teams from the two companies will work together for up to three
years and a decision on further cooperation will be taken at the
end of that period, they added. Mahindra will be able to gain from
Ford's global reach, while Mahindra's strong presence in the Indian
market is expected to benefit Ford.
Write to Anant Kala at anant.kala@wsj.com
(END) Dow Jones Newswires
September 18, 2017 10:52 ET (14:52 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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