US car firm eyes $1.4 bln Indonesia investment-paper

Newswire

JAKARTA, May 22 (Reuters) - A U.S. car firm may invest $1.4 billion in Indonesia to tap the region's growing car market, a local newspaper reported on Monday, quoting the head of the Indonesian investment board. Muhammad Lutfi, chairman of the Investment Coordination Board (BPKM), told reporters the company was considering building a factory with an annual production capacity of around 200,000 sedans, but did not identify the firm, the Jakarta Post said. "The company has already produced ...

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