Dave Johnson: Ford Leaves Japan and Indonesia, Blames the TPP

Ford Motor Company announced this week that it will close all operations in Japan and Indonesia this year, because it sees “no reasonable path to profitability.” Last year GM pulled out of Indonesia. What does it say that they are doing this with the Trans-Pacific Partnership (TPP) on the horizon?

Ford is giving up on trying to crack the Japanese and Indonesian automobile markets, saying that the upcoming TPP does not address such problems as currency manipulation and other non-tariff barriers.