Ford is shutting down sales operations in Japan and Indonesia, follow the company’s recent closure of an Australian factory.
General Motors Co. has also been retreating from money-losing businesses, recently making moves to exit or reduce exposure to Russia, Indonesia, Australia and Thailand.
The top three Japanese auto makers held a combined 32% market share in the U.S. last year. Ford, GM and Fiat Chrysler Automobiles NV accounted for about 0.3% of Japan auto sales over the same period, while domestic brands accounted for more than 90% of the new-vehicle market.
http://www.wsj.com/articles/ford-motor-to-close-operations-in-indonesia-japan-1453723892
General Motors Co. has also been retreating from money-losing businesses, recently making moves to exit or reduce exposure to Russia, Indonesia, Australia and Thailand.
The top three Japanese auto makers held a combined 32% market share in the U.S. last year. Ford, GM and Fiat Chrysler Automobiles NV accounted for about 0.3% of Japan auto sales over the same period, while domestic brands accounted for more than 90% of the new-vehicle market.
http://www.wsj.com/articles/ford-motor-to-close-operations-in-indonesia-japan-1453723892
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