The biannual Tokyo Motor Show will open its doors to the public at 12:30 on Friday, October 30. Showgoers will see wares offered by all 14 Japanese manufacturers. From abroad, 17 manufacturers will put 27 brands on display. The big American makers will be AWOL as usual.
Today, the TPP ministerial meeting finally reached a deal in Atlanta. Detroit desperately tried to prevent that. In the past days, an old trope was trotted out in a last-ditch attempt to torpedo TPP: The closed Japanese car market. Japan in fact has one of the world’s most open car markets, mostly due to American pressure. Zero percent tariff. 5,000 cars per year and model can be brought in with next to no paperwork. Try that in the U.S.A., where Detroit’s cash cow, the light utility vehicle, is protected by a 25 percent tariff and a huge wall of other trade barriers. Japan can open its market as wide as can be, Detroit and its shills won’t stop their closed market lies. [Continue Reading]