Thursday, January 15, 2009

GM, Ford and Chrysler say sayonara, Tokyo


There were some notable absences at this year's Detroit auto show, including Nissan, Suzuki and Ferrari. Now comes word that all three major U.S. automakers are pulling out of the 2009 Tokyo Motor Show.

It's the latest sign that a bad economy and crashing sales are disrupting the industry on an international scale. Word of the three U.S. car companies’ withdrawal from Tokyo prompted speculation that the show might be canceled. But a spokesman for the Japan Automobile Manufacturers Assn. told reporters Wednesday that the show would continue.
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