Monday, July 4, 2011

JAKARTA GLOBE: Indonesia’s Growth Potential Putting Automakers in Gear

Indonesia’s automotive sector is experiencing a surge of investment that could take it back to its glory days in the 1990s, and possibly even overtake Thailand as the Detroit of Southeast Asia.

Johnny Darmawan, president director of Toyota Astra Motor, said that with the country’s strong economic growth, young population and availability of resources, it was inevitable the company would step up its investment plans here.