With such productivity, the merged company will be trailing behind Toyota, Volkswagen, and Nissan – Renault alliance, exactly the fourth-largest in the world.
Either way, GI’s management will have to get the signature of the stakeholder in the extraordinary general shareholders meeting (RUPSLB) on 22 January 2020. The fundraising is believed to extend GI’s debt profile.
While the domestic car manufacturers show optimism toward the target, they know that they cannot do this alone. The Indonesian government should also lend a hand.