Ford to put $500 million into India manufacturing
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Ford Motor Co  said on Tuesday it  plans to invest $500 million in India to double manufacturing  capacity by 2010 and make a small car and engines to compete  more effectively in the fast-growing market.
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NEW YORK/MUMBAI  - The Ford Motor Company  is expected to receive opening bids on Thursday for its Jaguar and Land Rover brands from a number of companies including private equity firms and other automakers, the New York Times reported on Thursday, citing people with direct knowledge of the situation.
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German maker of car parts and electrical household goods Robert Bosch said it would invest 10 billion rupees (217 million dollars) in India to take advantage of the country's fast-growing vehicle market.
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IndiaÂs manufacturing grew 12.1 percent in the first half of the countryÂs fiscal year, which ended in September, compared with 9.5 percent in the period last year. The fast-paced growth of the manufacturing sector has been important in raising IndiaÂs economic output more than 8 percent annually. According to a survey by the Confederation of Indian Industry, a trade organization, more than 34 sectors of the 125 surveyed reported production growth greater than 20 percent. Foreign direct investment in India doubled to $4.4 billion in the first half of the fiscal year, Kamal Nath, above, commerce and industry minister, said.
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Audi, the luxury car arm of European auto giant Volkswagen, said that it planned to start production in India next year.
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Mazda Motor Corp. plans to invest more  than 50 billion yen ($430 million) to build a small-car plant  in Thailand together with top shareholder Ford Motor, and later  may bring a plant of its own onstream in North America, the  Nihon Keizai business daily reported on Friday.
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Ford Motor Co.  said  on Tuesday it would boost output in Russia to 125,000 cars per  year by 2009 from 72,000 as it seeks to satisfy booming demand  in Europe&#39;s fastest growing major car market.
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Ford Motor Company  plans to  invest 675 million euros ($931 million) in Romanian carmaker  Automobile Craiova (AUCSxm.BRQ) if it wins a tender to acquire  a majority stake in the company, it said on Monday.
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OAKVILLE, Ont. (CP) - Government incentives worth hundreds of millions of dollars to Ford Motor Co. are critical tools in helping to ensure the giant automaker continues to do business in Canada, Premier Dalton McGuinty said Tuesday.
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"We hope both parties can reach an agreement in the forthcoming weeks, though these are complex discussions and there is still much work that needs to be done before that position is reached."  Ford Motor Co. picked India's Tata Motors Ltd. as the top bidder for its Jaguar and Land Rover units, the Detroit automaker said Thursday. Ford has entered into "focused negotiations at a more detailed level" with Tata, meaning it has become the preferred bidder for the storied British automakers, the company said in a statement. "There is still a considerable amount of work to do, and while no final decision has been made, we will proceed with further substantive discussions with Tata Motors over the forthcoming weeks with a view to securing an agreement that is in the best interests of all parties concerned," Lewis Booth, executive vice president of Ford's European units, said in a statement. Read more
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Dell Inc., the world's largest maker   of personal computers, said on Friday it would set up   manufacturing operations in India in the first half of 2007.
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BRATISLAVA - Slovakia is near a deal with US automaker Ford to build a car parts plant for up to 400 million euros, sources close to the deal told Reuters on Tuesday.
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India&#39;s Tata Group is interested in  acquiring Ford Motor Co&#39;s  Jaguar and Land Rover brands,  the Indian conglomerate&#39;s chairman Ratan Tata said in remarks  released on Friday.
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Carmaker Ford  said on Thursday  that India's Tata Motors  was the front-runner to buy  its European brands -- Jaguar and Land Rover.
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U.S. carmaker Ford Motor Co said on Thursday India's Tata Motors Ltd was the front-runner to buy its European brands Jaguar and Land Rover.
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India's Tata Group is interested in acquiring Ford Motor Co's  Jaguar and Land Rover brands, the Indian conglomerate's chairman Ratan Tata said in remarks released on Friday.
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OAKVILLE, ONT. - Ford Motor Co. plans a new $1-billion project to build a flexible manufacturing plant at its facility in Oakville.