Afternoon Coffee: Ford Opens India Production Plant, Another Oil Company Cuts Spending

Ford Motor Co. opened its $1 billion plant in India this week. The car maker plans to triple its exports from the country.

PetroChina Co. is cutting its spending plans by 8.8% this year, following a 17% drop in 2014 profits due to falling oil prices.

Procurement software vendor Vroozi has partnered with DocuSign, Inc. to “provide customers with a fully digital solution for managing procurement processes to accelerate contracts while increasing transparency, security and compliance.”

BravoSolution announced 2014 financial results recently, stating the company earned more than $77 million for the year – representing the 14th consecutive year of growth.

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