Ford Motor Co. 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, according to an email from Asia Pacific President Dave Schoch to all employees in the region.
Product development done in Japan will shift elsewhere.
A Ford spokeswoman confirmed that an email regarding the decision was sent to employees on Monday.
According to Forbes, more than 80% of the more than 300,000 foreign cars brought to Japan last year carried European marques; the American share was a mere 4%.