Ford ending production in India

Ford is ending production in India and taking a hit of $2 billion as it retrenches from a market that has been almost impossible for American automakers to break into.
In an announcement Thursday, the company said that roughly 4,000 employees will be laid off and manufacturing will end immediately. CEO Jim Farley said the move was “difficult but necessary” to achieve long-term growth.

CNN Reports

When a top car company is willing to take a hit of $2 Billion dollars to leave India, that is in some way a statement about India’s manufacturing prowess.

Apple Vs Epic

permanently restrained and enjoined from prohibiting developers from including in their apps and their metadata buttons, external links, or other calls to action that direct customers to purchasing mechanisms, in addition to In-App Purchasing and communicating with customers through points of contact obtained voluntarily from customers through account registration within the app.

The Verge

In coming days, lots and lots of ink will be spilled on this story and its implication. Its good to be a nerd.

Global Chip Shortage

My guest today is Dr. Willy Shih. He’s the professor of management practices at Harvard Business School. He’s an expert on chips and semiconductors — he spent years working at companies like IBM and Silicon Graphics. And he’s also an expert in supply chains — how things go from raw materials to finished products in stores. Willy’s the guy that grocery stores and paper companies called in March 2020 when there was a run on toilet paper. If anyone’s going to explain this thing, it’s going to be Willy.

Source: The Verge

Excellent article on global chip shortage.

There are two types of people

India captain Virat Kohli and his actor wife Anushka Sharma have donated ₹2 crore to a fund-raising project, which will raise a total of ₹7 crore to support the country’s fight against the COVID-19 pandemic.

The Hindu

Type 1:
WoW, Virat and Anuksha donated Rs 2 Crores towards COVID relief!! Amazing. God bless them.

Not counting Anuksha’s income, Virat alone made Rs 100 crores last year and around Rs 80 crores year before. And they donated only Rs2 Crores to their beloved Delhi.

What type of person are you ?