Current state of the car industryThe automotive industry of Indonesia has turn into an important pillar of the country’s manufacturing sector as numerous of the world’s well-identified automobile corporations have (re)opened manufacturing plants or expanded production capacity in Southeast Asia’s largest economy. Nonetheless, there are issues more than the underlying well being of the business and prospects that are not very easily dismissed. Indeed, they were highlighted in some of the firm specifics in the most recent round of quarterly financial reports. For the OEMs, bottom lines are clearly coming beneath stress. The Chinese market place is indeed growing once more this year, but it has also become a lot far more competitive and numerous analysts see a period of slower market development ahead. China’s automotive sector could face a period of overcapacity which would compound troubles for OEMs in what is currently a really competitive market (BMW was amongst … READ MORE ...