Fallen crypto hero offers apology to his former FTX colleagues
The announcement came as Bloomberg reported that US auto giant Ford was set to transfer most of its Indian assets to a joint venture with local behemoth Mahindra & Mahindra.
The move, expected to be announced as soon as next week, will see Mahindra own 51 per cent of the new entity, Bloomberg added.
Ford, like other major foreign automakers, has sought to tap into India, the world's fourth biggest car market but has struggled to boost its low market share in the price-sensitive South Asian nation.
A Mahindra spokesman declined to comment on the report when contacted by AFP.
Fallen crypto hero offers apology to his former FTX colleagues
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