Tag Archives: Ford’s 12-Billion-Dollar Blunder witnessed in Brazil

Ford’s 12-Billion-Dollar Blunder witnessed in Brazil

Henry Ford arrived to Brazil a century ago and founded Fordlandia in the hope of becoming an Amazonian rubber baron, but he retreated into the red. Now, the automaker he established is eating its wounds in Brazil, having halted production after spending about 61 billion reais ($11.6 billion) in the country previously. In January, Ford […]