Ford Shutting Japan, Indonesia Operations on Lack of Profit
- U.S. automaker leaving markets by end of 2016 as sales slump
- Ford exit from Indonesia follows GM shutting plant last year
Why Is Ford Quitting on Japan and Indonesia?
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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.