The decision will leave the country without a motor vehicle exporter, Ford Group Philippines president Randy Krieger said in a statement.
Ford Philippines is the first and only volume exporter of vehicles from the Philippines and has supplied the Ford Focus, Ford Escape and Mazda3 to Association of Southeast Asian Nations (Asean) markets that include Thailand, Indonesia and Malaysia since 2002.
“This is a very difficult decision. The company studied every possible scenario and opportunity, but we could not make a strong enough business case for future manufacturing,” he added..... MORE
Source: The Daily Tribune
URL: http://www.tribune.net.ph/index.php/headlines/item/830-ford-to-shut-down-rp-assembly-operations
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