Fuel price hike chokes Indonesia auto sales

Newswire

By Harry Suhartono

JAKARTA, Feb 15 (Reuters) - Indonesia's auto industry is bracing for a tough year after sales slumped last month, with higher fuel costs seen triggering production cuts, job losses and a drop in annual sales of up to 16 percent.

Auto makers are trimming working hours and output following a slump in sales since the government more than doubled domestic fuel prices in October to ease pressure on the budget.

Domestic vehicle sales were a record ...

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