Indonesia’s turbulent automotive industry is once more on the up and up. The recovery, which began in 2005, now is in full bloom following two sharp blows: the 1998 economic crisis in Southeast Asia that saw vehicle sales plunge six-fold to 58,303 units; and the near-doubling of government-subsidized petroleum prices in October 2005, which pushed sales down 40% year-on-year to 318,883 in 2006. Today, the economy is healthy, with a 6.2% rise this year in gross domestic product, along with ...
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