Auto Sector Review: Auto Companies Looking for Ins in Indonesia
Ford Motor Company (NYSE:F): General Motors (NYSE:GM), Ford Motor (NYSE:F), Tata Motors (NYSE:TTM) and others are trying to wedge their way into the Indonesian car market, which has been dominated by Toyota Motor (NYSE:TM) and other Japanese auto makers for decades, The WSJ reports. GM, Ford, Tata etc have plans for new plants, new models or new dealerships, in an attempt to capture a share of the emerging middle class in Indonesia.
The shares closed at $12.69, down $0.15, or 1.17%, on the day. Its market capitalization is $48.22 billion.
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