General Motors Withdraws from Indonesian Market in 2020
Translator
Ricky Mohammad Nugraha
Editor
Markus Wisnu Murti
Senin, 28 Oktober 2019 21:00 WIB
General Motors unveils its redesigned mid-engine C8 Corvette, the 2020 Chevrolet Corvette Stingray, in Tustin, California,U.S., July 18, 2019. General Motors Co unveiled on Thursday (July 18) its newly designed mid-engine 2020 Corvette in a splashy tribute to its emblematic sports car. REUTERS/Mike Blake
TEMPO.CO, Jakarta - General Motors (GM) has officially announced its plans to withdraw from sales activities in the Indonesian automotive market by the end of March 2020. This decision was announced by GM Southeast Asia's president Hector Villarreal on Monday, October 28.
The Detroit-based manufacturer said that it was not an easy decision, but they eventually decided to focus on the existing markets that they have acquired and acknowledged the lack of market in Indonesia.
Hector Villarreal said that globally GM has taken difficult steps to focus its assets and resources, which were consistent with GM’s global strategy to focus on markets that have “clear paths” to reach sustainable profits.
Other factors behind the withdrawal include commodity prices and pressures of foreign currencies. However, he asserted that General Motors would continue to provide after-sales services for Chevrolet customers at its outlets across Indonesia.
Chevrolet Indonesia announced it was set to provide its utmost services for its customers and had opened a line for those requiring further information at 1500 951 or www.chevrolet.co.id.
