Ford to leave Japanese, Indonesian markets
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, US automaker Ford Motor Co. announced that it will close all activities in Japan and Indonesia in 2016, commenting that the company does not see any “reasonable path to profitability” in either country. The company will close dealerships and stop sales and imports of Ford and Lincoln vehicles while its product development operations in Japan will be moved to another country. Meanwhile, Ford added that its minority shareholding in Mazda Motor Corp will not be affected by its decision to leave the Japanese market.
In 2015, Ford sold around 5,000 vehicles in Japan with a share of 1.5% in the import market while it sold around 6,000 vehicles in Indonesia with a share of 0.6% in the new car market.
Previously, another US automaker, General Motors Co., had also stopped production of GM-branded cars in Indonesia.
In 2015, Ford sold around 5,000 vehicles in Japan with a share of 1.5% in the import market while it sold around 6,000 vehicles in Indonesia with a share of 0.6% in the new car market.
Previously, another US automaker, General Motors Co., had also stopped production of GM-branded cars in Indonesia.
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