DETROIT—Ford Motor Co. is pulling out of Japan and Indonesia, saying that market conditions in each country have made it difficult to grow sales or make sustained profits.
“Japan is the most closed, developed auto economy in the world, with all imported brands accounting for less than 6 per cent of Japan’s annual new car market,” spokesman Neal McCarthy wrote in an email message. The 12-nation Trans Pacific Partnership trade agreement in its current form will not improve Ford’s ability to complete there, he said. The pact is pending before Congress.
