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22 foreign automakers to skip Tokyo show

Posted Thursday, May 21, 2009, 2:04 pm in Employee News

More than 20 major foreign carmakers, including Chrysler LLC, General Motors Corp. and Germany’s BMW AG, will skip the Tokyo Motor Show later this year to save costs, the organizer said Thursday, underlining a deepening slump in the global auto industry, the Associated Press reported.

“It is unprecedented to see such a large number of carmakers not coming to the motor show. It’s disappointing,” Kazusa Yoshino, a spokeswoman for the Japan Automobile Manufacturers Association, which sponsors the biennial auto event in October, said in the story.

Yoshino said 22 foreign carmakers would pass on the Tokyo Motor Show, leaving only four foreign makers, including South Korea’s Hyundai Motor Co., Italy’s Ferrari and British race car maker Lotus, at the event. All 22, which also include Ford Motor Co., Volkswagen AG, Porsche SE, had attended the previous Tokyo Motor Show in 2007, the news service said.

Japan’s top three automakers—Toyota Motor Corp., Nissan Motor Co., and Honda Motor Co.—and several other domestic carmakers are scheduled to join the event, the story said. (Associated Press/Detroit News)
 
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