Car maker Ford Motor said today it will close all operations in Japan and Indonesia this year as it sees "no reasonable path to profitability" in the two countries where it has struggled to gain market share.
Ford will exit all areas of business, including closing dealerships and stopping sales and imports of Ford and Lincoln vehicles.
This is according to an email from Asia Pacific President Dave Schoch to all employees in the region and viewed by Reuters.
Ford follows in the footsteps of General Motors, which last year decided to stop making GM-branded cars in Indonesia - with the loss of 500 jobs - amid intense competition from Japanese rivals.
Ford began operating in Japan in 1974 and has 52 dealerships in the country, employing 292 people.
Last year, it sold around 5,000 vehicles in Japan and held a share of around 1.5% of the imported new car market.
In Indonesia, where it entered the market in 2002, Ford has a staff of 35 and sells through 44 franchised dealerships.
Last year, it sold around 6,000 vehicles, taking a 0.6% share of the total new car market in a country struggling from economic slowdown.