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Ford takes exit from Indian auto production

US automaker racked up $2bn in losses over 10 years

Ford is ending production of cars like the Aspire sedan in India.   © Reuters

NEW YORK -- Ford Motor will shut down auto manufacturing in India, the American company said Thursday, cutting its losses after years of struggling to compete in what once looked like a promising market.

Both of the company's assembly plants in India will be shuttered. Production for the Indian market is ending "immediately," and manufacturing for export to other Asian countries will wrap up by mid-2022. Ford said the restructuring will affect about 4,000 employees.

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