Ford joins rush of American companies to Myanmar

  @CRrileyCNN April 30, 2013: 5:44 AM ET
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A nearly-empty highway on the road to Myanmar's capital city of Naypyidaw.

HONG KONG (CNNMoney)

Ford announced Monday it will start selling its cars and trucks in Myanmar, becoming the first major automaker to open a showroom in the former pariah state.

The automaker is the latest in a series of major international companies to enter Myanmar, which had for decades been among the world's most cloistered states.

Coca-Cola (CCE, Fortune 500) returned to Myanmar in 2012 after a more than 60-year absence. General Electric (GE, Fortune 500) and Caterpillar (CAT, Fortune 500) are also making expansion bids as the country emerges from decades of military rule and harsh international sanctions.

Japan-based Suzuki is also operating in the country, and the automaker is hoping to open a manufacturing facility.

In Myanmar, also known as Burma, Ford is entering an auto market in which new cars are still rare. The country's roads are dominated by aging sedans and wheezing, decades-old buses imported from Japan.

It's also a quirky market. For example, right-hand drive cars are driven on the right side of the street. Motorbikes are banned in the former capital city of Yangon, but ubiquitous outside of it.

"We see tremendous potential and opportunity for Ford in Myanmar, and we're looking forward to serving customers in this exciting market," said David Westerman, a regional manager for Ford in Asia Pacific.

Ford (F, Fortune 500) said it will import cars to Myanmar from plants in North America and Thailand. F-Series pickup trucks and the smaller Ford Ranger will be among the first models up for sale.

Ford is partnering on the project with Capital Automotive, a subsidiary of Capital Diamond Star Group.

Related story: Google's Eric Schmidt makes rare visit to Myanmar

The scars left by decades of oppressive rule and international isolation are still visible in Myanmar. As recently as 2007, the former military junta was engaged in a brutal crackdown on the Saffron Revolution, a movement led by the country's Buddhist monks.

In March, clashes between Buddhists and the Muslim minority killed dozens of people in central Myanmar.

The sudden boiling over of tensions follows sectarian troubles that killed scores of people in the west of the country last year.

At the same time, the government has released scores of political prisoners in recent years and liberalized sectors of the economy. Western governments have responded by easing sanctions put in place to pressure the military regime. To top of page



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