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Ford to close all operations in Japan and Indonesia

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Ford will shut down all its dealerships and stop sales and imports of Ford and Lincoln vehicles in both Japan and Indonesia. Why? Because the company sees "no reasonable path to profitability" in those markets, according to Ford Asia Pacific President Dave Schoch, as reported by Reuters.

R&D will also be shifted from Japan to an undisclosed location.

Ford is following the lead of General Motors, which last year decided to stop manufacturing cars in Indonesia — resulting in the loss of 500 jobs. The Blue Oval debuted in Japan in 1974, but sold a mere 5,000 units there in 2015, and little more in Indonesia.