JAKARTA — For a lesson in how a national car can turn into a white elephant, look no further than Indonesia. Four years after the creation of P.T. Timor Putra Nasional, the Indonesian government is left holding the bag. Contents: an unfinished factory outside Jakarta, a mountain of unpaid bills and debt estimated somewhere between US$400 million and US$700 million. ‘Kia would like to scrap the Timor name and assemble cars in the Timor facility. But the price would have to be well below ...
Premium Content (PAID Subscription Required)
"Timor national car troubles continue to haunt Indonesia" 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!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642