Autopocalype Update: Tokyo may be a no-go
Just as we wrap up this year’s Detroit shindig, it looks like this falls’ biennial Tokyo auto show may not happen.
Automotive News is reporting, General Motors has pulled out of this year's Tokyo auto show to save the $2 million it had to spend at the 2007 show.
Chrysler has made the same decision and Japan's Yomiuri newspaper reported today that Ford was among the other Detroit brands that missed last year's deadline to register for the Tokyo show.
Discussion about canceling the show is driven in part by the decision of some non-Japanese automakers to shun the October venue amid the global financial crisis. But the Japan Automobile Manufacturers Association is debating whether to cancel the event.
As you know already may know, there were plenty of no-shows this week in Detroit, including Nissan, Suzuki, Porsche, Rolls-Royce and Land Rover. Mitsubishi Motors Corp. canceled its corporate presence, but local Mitsubishi dealers put together an exhibit. Honda had a display, but canceled it media presentation.
[Source: Automotive News]