Ford slashes manufacturing operations in India, adds engineers and tech workers

The company will stop making vehicles for sale in India — which include the Figo, Aspire, Freestyle, EcoSport and Endeavour — right away. Once supplies of those vehicles are sold, there will be no more, said Ford spokesperson Sinead Phipps.

Manufacturing of some of those vehicles will continue for export until the end of 2021 from the Sanand plant and into the middle of 2022 from the Chennai vehicle and engine plants.

“We will definitely continue to provide parts, warranty and service support for customers in India however,” Phipps said.

Meanwhile, Ford will maintain a presence in India, home of

Read more

U.S. Bank adds to small-business services with acquisition of Bento Technologies

U.S. Bank said Thursday it would buy Bento Technologies Inc., a provider of an easy-to-use expense management system for small- and mid-sized businesses and their employees.

Terms weren’t disclosed.

U.S. Bank picks up a company, known commercially as Bento for Business, that since starting out in 2014 has sought to take the pain out of keeping track of corporate expenses for employees and to smooth out cash management for employers.

Last year, Bento’s main product added a feature that matched employees’ credit card transactions with photos of receipts snapped on a smartphone.

U.S. Bank said Bento’s payable-based service will

Read more