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Ford Shutting Operations in Japan, Indonesia on Lack of Profit
January 25, 2016 — 3:28 AM PST
Ford Motor Co. will close down all operations by the end of this year in Japan and Indonesia, where the U.S. automaker says it has no path to boost sales or earn profits.
The step is being taken “after pursuing every possible option,” Karen Hampton, Ford’s Asia Pacific spokeswoman, said in an e-mailed statement. The company will provide ongoing support to customers for service, spare parts and warranties, she said.
“It has become clear that there is no path to sustained profitability, nor will there be an acceptable return over time from our investments in Japan or Indonesia,” Hampton said. “Ford remains committed to serving global markets while aggressively restructuring parts of our business which have no reasonable path to achieve sales growth.”
Ford’s exit from Indonesia follows General Motors Co., which announced last year that it would close down its factory in Southeast Asia’s largest car market. Indonesia is dominated by Toyota Motor Corp. and its affiliate Daihatsu Motor Co.
http://www.bloomberg.com/news/articles/2016-01-25/ford-shutting-operations-in-japan-indonesia-on-lack-of-profit
January 25, 2016 — 3:28 AM PST
Ford Motor Co. will close down all operations by the end of this year in Japan and Indonesia, where the U.S. automaker says it has no path to boost sales or earn profits.
The step is being taken “after pursuing every possible option,” Karen Hampton, Ford’s Asia Pacific spokeswoman, said in an e-mailed statement. The company will provide ongoing support to customers for service, spare parts and warranties, she said.
“It has become clear that there is no path to sustained profitability, nor will there be an acceptable return over time from our investments in Japan or Indonesia,” Hampton said. “Ford remains committed to serving global markets while aggressively restructuring parts of our business which have no reasonable path to achieve sales growth.”
Ford’s exit from Indonesia follows General Motors Co., which announced last year that it would close down its factory in Southeast Asia’s largest car market. Indonesia is dominated by Toyota Motor Corp. and its affiliate Daihatsu Motor Co.
http://www.bloomberg.com/news/articles/2016-01-25/ford-shutting-operations-in-japan-indonesia-on-lack-of-profit
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