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Read more with google mobile : GM, Chrysler to skip Tokyo Motor Show: reports
Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: GM, Chrysler to skip Tokyo Motor Show: reports AFP - 32 minutes ago TOKYO (AFP) - - Struggling US automakers General Motors Corp. and Chrysler LLC are set to skip this year's Tokyo Motor Show as the global slowdown takes a heavy toll on the industry, reports said Wednesday. Chrysler and GM decided to cut costs instead of taking part in the biennial motor show in Japan, one of the auto world's premier get-togethers, the Mainichi Shimbun newspaper reported, quoting unnamed sources. The two companies are relying on billions of dollars in US federal loans to stay afloat. Ford Motor Co., the other member of Detroit's Big Three, has warned that it could also need government help if sales worsen. GM and Chrysler failed to register for October's event by a deadline of the end of December, Kyodo News said, citing an official of the motor show sponsor Japan Automobile Manufacturers Association (JAMA). JAMA spokeswoman Kazusa Yoshino declined to comment on the report but said: "The deadline isn't strict and we will still accept registrations." She said the details of the show such as the exhibitors would be announced in March or April. Japanese automakers are also suffering as the global economic crisis saps demand for new cars, particularly in the United States. Japanese automakers Nissan Motor Co. and Suzuki Motor Corp. are skipping the ongoing Detroit Motor Show. However, Japan's top two automakers, Toyota Motor Corp. and Honda Motor Co., are both taking part. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Japan shares gain on bargain-huntingAP - 15 minutes ago S.Korea won rises on firmer stocks, rate cut hopesReuters - 19 minutes ago China's next export: Starbucks coffeeAP - 20 minutes ago HSBC drops 3.6 pct, drags HSI off highReuters - 22 minutes ago RBS confirms $2.34 bln Bank of China stake saleReuters - 24 minutes ago Enlarge Photo GM, Chrysler to skip Tokyo Motor Show: reports Related Photos Slideshow Full Photo Coverage: Business & Economy Most Popular – Business Viewed Abbas blasts Israeli 'annihilation' in Gaza Massa looking to future in F60 Britain's Prince Harry apologises for racist language Passionate Bush defends legacy in final news conference Automakers put on brave face at tense Detroit auto show View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular
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Wednesday, 14 January 2009 - GM, Chrysler to skip Tokyo Motor Show: reports