Ford follows compatriots General Motors and Harley-Davidson in closing factories in the country
Signage outside a Ford Motor Company dealership is shown in Colma, California, US, in this February 1 2021 file photo. Picture: BLOOMBERG/DAVID PAUL MORRIS
Instead, sales have stagnated at about 3-million cars. The growth rate has slowed to 3.6% in the last decade versus 12% a decade earlier. Lower tax on small cars also made it harder for makers of larger cars for Western markets to compete with small-car specialists such as Japan's Suzuki - controlling shareholder of Maruti Suzuki India, India's biggest carmaker by sales.
Ford's narrow product range also made it hard to capitalise on the appeal won by its best-selling EcoSport and Endeavour sport utility vehicles , said analyst Ammar Master at LMC.
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