Archive for the ‘Financial Crisis’ Category

Possible Cancellation of the 2009 Tokyo Motor Show

Saturday, January 31st, 2009

An executive from the Japan Automobile Manufacturer’ Association (JAMA) revealed that there are debates going on about the cancellation of the 2009 Tokyo Motor Show. Compared to past motor show, fewer non-Japanese automobile companies have agreed to participate on this year’s show because of the economic crisis happening worldwide. It is also noted that even Japanese automakers are suggesting the cancellation of the show.

Toshihiro Iwatake, the executive director and secretary general of JAMA disclosed that two companies are not confident in pushing through with the motor show in the midst of the global economic crunch. But he also stressed that an internal motor show is the beacon that serves as the symbol for the success of the automobile industry. If the show pushes through, it will show that the industry is striving, even healthy. He proposed that organizing as small show is way better than cancelling the entire thing, however, several JAMA member countered that a small show would make the industry look bad.