Ford shelves compact car program for emerging markets, report saysSept. 2, 2016
Ford has shelved plans to produce a new compact vehicle family designed mainly for emerging markets such as India and China, industry sources told Reuters, reflecting disappointing sales of mainstream models in the world's fastest growing car markets.
Ford's Indonesian dealers demand compensation after abrupt withdrawalJune 27, 2016
No path to profits: Why Ford exited 2 key Asian marketsJan. 31, 2016
Frustrated by paltry sales, Ford pulled the plug on its businesses in Japan and Indonesia. In both cases, it couldn't crack a Japan Inc. stranglehold: Japanese brands hold more than 90 percent market share in both nations. Ford cut bait to focus elsewhere.
Ford to close operations in Japan, Indonesia this yearJan. 25, 2016
Ford will close all operations in Japan and Indonesia this year as it sees "no reasonable path to profitability" there, according to an internal document reviewed by Reuters on Monday. Ford will exit all areas of business, including shuttering dealerships and stopping sales and imports of Ford and Lincoln vehicles.