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Ford to start automotive financing in India in early next year

Last Updated: Monday, December 22, 2014, 16:03

US-based auto maker Ford will start automotive financing in India by first quarter of next year with its financing arm, Ford Credit India getting licence from the Reserve Bank to operate as a non-banking financial company.

As Ford closes, European rust belt seeks new ideas

Last Updated: Sunday, December 21, 2014, 15:13

Two car plants closed this month as companies sought cheaper labour elsewhere, the final chapter of a manufacturing boom that began when coal mines fuelling Europe`s industrialisation shut in the 1960s.