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GM cuts capacity, jobs in Indonesia, where Japanese dominate
2015-02-27 02:45:47| Automakers - Topix.net
General Motors is to stop making cars in Indonesia, a battleground for global automakers in emerging Southeast Asia, closing an assembly plant, axing some 500 jobs and shifting its branding focus to SUVs. The U.S. auto giant, which was the first to set up a car assembly plant in Southeast Asia's biggest economy eight decades ago, is effectively calling time on its attempt to wrestle market share from dominant Japanese rivals, led by Toyota Motor Corp. GM Executive Vice President Stefan Jacoby, who oversees markets beyond the Americas, Europe and China, acknowledges GM got it wrong in going head-to-head with the Japanese in a market he dubs their "backyard."
Tags: jobs
japanese
capacity
indonesia
Category:Automotive