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anonomoose
09-23-2009, 07:32 AM
Ford Motor Unveils First Small Car In India

September 23, 2009: 03:37 AM ET


NEW DELHI -(Dow Jones)- Ford Motor Co. (F) Wednesday unveiled the Figo - its first small car to be produced in India - as the U.S. automaker seeks to gain a foothold in the emerging South Asian car market and make the country a global production hub for small cars.
The four-door hatchback will be produced at Ford India's factory in the port city of Chennai, the company said.
Ford said the Figo - which is colloquial Italian for &#34;cool&#34; - will be sold in India and <font color="ff0000">exported to international markets.</font>
The company will announce additional details about the car closer to its commercial introduction early next year.
&#34;Our exciting new Ford Figo shows how serious we are about India,&#34; said Alan Mulally, Ford&#39;s president and chief executive. He said the new car reflects Ford&#39;s commitment to compete in all segments of India&#39;s car market.
Ford will source up to 85% of the parts for the small car from suppliers in India, the company said.

ezra
09-23-2009, 09:38 AM
I think Yugo had the corner on the throw away car