Media: automotive giant Ford goes with Japanese and Indonesian market due to low sales

TOKYO, January 26. /Corr. Kirill Agafonov/. Automotive manufacturer Ford Motor has decided until the end of 2016 due to low sales completely exit from the Japanese and Indonesian markets, where he is the 0.1% and 0.6% of the market, respectively. This was reported by the leading Japanese business newspaper Nikkei.

“It has become clear that there is no way to obtain sustainable profits and we will not be able after some time to profit from investments in Japan and Indonesia”, – reads the statement of the representative of the concern.

As expected, during the year, Ford will close all of its 52 offices in Japan, employing 292 people. A similar procedure will be implemented in Indonesia, where there are 44 Ford center.

In Japan for the past two decades, the slump in car sales, which is due to the rapid aging and declining population. In these circumstances, at least 90% of the market is occupied by local manufacturers. The same share of the Japanese automakers have on the Indonesian market. In these two countries Ford last year sold only 5 thousand thousand cars and 6.1, respectively.