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GM Shuts Down Spin Production in Indonesia

Poor sales, low profits spell end for 500 jobs at plant.

by on Feb.26, 2015

GM will stop building the Chevrolet Spin in Indonesia this summer and close the plant just outside of Jakarta eliminating 500 jobs.

Weeks after announcing a new partnership with its Chinese partner, SAIC Motor Corp., to build small SUVs in Indonesia, General Motors is shuttering its car-making operations in the world’s fourth-most populous country.

The move means the loss of 500 jobs in the country as GM recalibrates its efforts to be successful in Asia. Right now, it means a move toward making more sport-utility vehicles and getting out of building cars on it’s own. The automaker was getting beaten up by Japanese makers.

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“GM Indonesia is undergoing a market-driven transformation,” said Stefan Jacoby, GM executive vice president and president, GM International, in a release. “This transformation will strengthen the business and dealer network by focusing on building the Chevrolet brand and delivering a competitive, high-quality portfolio to meet the needs of customers in Indonesia.” (more…)