Indonesian Political, Business & Finance News

GM to resume operations in Indonesia

| Source: GOI
US car maker General Motors Corp. (GMC) is set to restart its car manufacturing business in Indonesia using the facility it abandoned earlier, Asia Pulse reported Monday (3/3/08).

The world's second largest car maker will produce special models to suit the Indonesian market, Mukita Sutikno, general manager of PT General Motors Autoworld Indonesia (GMAI) said.

General Motors built an assembling plant in Bekasi at a cost of $110 million in 1993 but the company stopped operation in March 2005.

President of GM Asia Pacific Nick Reilly announced earlier GMC has invested up to $4 billion in the Asia Pacific and would spend the same amount in the region in the next three years not including Japan, China and Korea.
Tags: business
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