Ford to pull out of Japan, Indonesia
NEW YORK —
U.S. auto giant Ford announced Monday it will withdraw from Japan and Indonesia due to a weak profit outlook in the two Asian markets.
The No. 2 U.S. automaker after General Motors plans to cease operations in Japan and Indonesia in the second half of 2016. It will close its Ford dealerships and stop importing Ford vehicles into the countries.
Ford said it would continue to provide service and warranty support in the two countries.
In 2015, Ford sales accounted for just 0.1% of the Japanese market and only 0.6% in Indonesia. Last year it sold only 5,000 cars and trucks in Japan and 6,100 in Indonesia.
Ford did not say how many jobs would be affected by the move.
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