JAKARTA — Indonesia's rocky road to economic recovery remains unpaved, riddled with political and social potholes, as well as the usual suspects in the business sector. Wounds from the country's meltdown that began in 1997 have not healed. The banking system is crippled by nearly US$500 billion in bad loans; unemployment is running more than 14%, and the automotive industry is operating at 33% of capacity, or less. Shock waves from the toppling of President Suharto in 1998 after 32 years ...
Premium Content (PAID Subscription Required)
"Indonesia's rocky road puts industry in flux" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.