FORD TO STOP OPERATION IN INDONESIA

JAKARTA — Indonesia’s industry ministry said PT Ford Motor Indonesia plans to stop operation in the country before the end of this year.

Director General of Metal, Transport and Electronic Equipment I Gusti Putu Suryawirawan said he had received confirmation that the Ford car sales agent would stop operation.

PT FMI is only a trader as it has no manufacturing facility in the country, Putu said on Tuesday.

Ford, in an electronic letter, said it would continue to serve global market while aggressively carrying out its business restructuring especially in countries where Ford could not compete in the markets .

Ford said in its electronic letter that it saw no prospects of profit in its operation in the country.

The company, however, assured its customers that it would continue to facilitate supply of services and spare parts for Indonesia. PNA/ANTARA/northboundasia.com