Ford's 'pivotal' deal with Mahindra goes kaput, adding twist to financials

A cost-cutting deal called “pivotal” by Ford in 2019 has gone kaput, the automaker announced just after the stock market closed on New Year’s Eve. It was a quiet but dramatic turn of events for Ford that potentially carries financial consequences in 2021 and throws into question Ford operations in India. Ford loses money in all markets in the world except North America. The Dearborn, Mich., automaker and powerhouse vehicle maker Mahindra & Mahindra have “mutually and amicably determined they will not complete a previously announced automotive joint venture between their respective companies.” …

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