Ford to invest $370 million in Tamil Nadu despite Trump's local push: Report

Ford Motor Co. plans to invest about 32.50 billion rupees ($370 million) in India to make new engines, a person familiar with the matter said, signaling renewed confidence in the country and defying Donald Trump’s promotion of American manufacturing as it reopens a factory closed four years ago.The Maraimalai Nagar manufacturing site in the southern Indian state of Tamil Nadu will be retooled to make high-end engines for export markets with an annual capacity of over 200,000 units, said the person, asking n ...