Payback can be a bitch.
With Hyundai’s announcement recently, the vote among the major non-Japanese auto makers became unanimous. Not one major non-Japanese auto manufacturer is scheduled to display vehicles at the once prestigious Tokyo Motor Show this year. Companies that have said they will not, repeat not, display at the Tokyo Show this year include General Motors, Ford, Chrysler, Mercedes-Benz, BMW, Volkswagen, Kia and Hyundai.
Here in the
Why is this? Government officials and auto industry executives in
Luxury vehicles from Germany (Mercedes-Benz and BMW in particular) used to sell quite well in Japan, but once Toyota, Nissan and Honda launched luxury brands in Japan, sales of the import brands started to fall. Hmmmm.
Many auto journalists who used to make the bi-annual pilgrimage to the Tokyo Motor Show have said they are not planning to attend either. I wonder – is it the economy or is this payback? Or is it both?