Ford closing down in unprofitable Japan, Indonesia
- 8 years ago
Ford officials have confirmed plans to exit Japan and Indonesia as automotive markets because they are not profitable.
That means closing dealerships and no longer selling or importing Ford and Lincoln vehicles in the two countries.
"After pursuing every possible option, 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," said spokeswoman Karen Hampton in a statement.
"Therefore, we will cease all operations in these markets before the end of 2016 and concentrate our resources elsewhere."
Many automakers have struggled to gain market share in Japan which historically has made it hard for non-Japanese brands to be imported and sold.
Ford sold about 5,000 vehicles last year and has less than 2% market share.
That means closing dealerships and no longer selling or importing Ford and Lincoln vehicles in the two countries.
"After pursuing every possible option, 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," said spokeswoman Karen Hampton in a statement.
"Therefore, we will cease all operations in these markets before the end of 2016 and concentrate our resources elsewhere."
Many automakers have struggled to gain market share in Japan which historically has made it hard for non-Japanese brands to be imported and sold.
Ford sold about 5,000 vehicles last year and has less than 2% market share.