The Tokyo Motor Show, held every two years, is one of Asia’s premier auto events. However, for the upcoming 2009 Tokyo Motor Show, automakers have been dropping out as the show gets hit hard by international automakers who have decided to sit out this year due to the global economic slump.
Hyundai Motor Co. is the latest foreign automaker to cancel its participation at next month’s show.
“Hyundai called last week and orally confirmed their intent to cancel,” said Toyokazu Ishida, who administers the international exhibition for the Japan Automobile Manufacturers Association. “It’s unbelievable,” Ishida told Automotive News
Chrysler, Ford and General Motors Company were among the first to drop out earlier this year.
– By: Stephen Calogera