Ford Is Officially Leaving India After Accumulating $2 Billion In Losses Over 10 Years | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Ford Is Officially Leaving India After Accumulating $2 Billion In Losses Over 10 Years

Ford has called it quits in India.

The automaker is expected to stop making cars in the densely populated country and take a $2 billion charge due to its inability to see a "path to profitability" manufacturing there, according to Reuters.

Ford first entered the Indian market 25 years ago but still only has less than 2% of its market. On Thursday of this week, the company said it had accumulated operating losses of more than $2 billion in the 10 years it had been in the country.

Ford and India's Mahindra & Mahindra failed it put into place a JV that would have allowed Ford to make vehicles at a lower cost.

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