Toyota to ask new Japan government to extend green car aid

[DainBramaged]

Toyota Motor Corp, the world's largest carmaker, will ask Japan's new government to extend the deadline for subsidies on purchases of new environmentally friendly cars by two years from the original schedule of March 2010, a Toyota executive said on Wednesday.

The Democratic Party of Japan has begun a transition to power after trouncing the long-ruling Liberal Democratic Party (LDP) in an election on Sunday, and it is expected to form a new cabinet by around the middle of this month.

The government subsidies on new environmentally friendly cars, launched in June to revive sagging car demand, have helped along with tax cuts to put a brake on slumping car sales in Japan.

The Toyota executive, who spoke to Reuters on condition of anonymity, said the carmaker would also ask the new government to keep tax cuts on purchases of environmental cars in place until the current deadline of March 2012.

Toyota is concerned the Democratic Party may seek an early end to these temporary tax cuts and subsidies in lieu of scrapping additional taxes on gasoline, he said.

http://www.reuters.com/article/GCA-GreenBusiness/idUSTRE5811YQ20090902

I would assume American manufacturers get the same subsidy from japan? Wait, I forgot America can't sell cars in japan due to "free" trade, insane tariffs, taxes, phony standards that ONLY apply to American car, japanese loyalty and no American car plants there.

[pampango]

1. There are no tariffs on US cars exported to Japan.

At least the Japanese government and the WTO say that there aren't any. If you have evidence that Japan is assessing tariffs on auto imports, the US should have a good case in the WTO.

http://www.customs.go.jp/english/tariff/2009_6/data/200909e_87.htm

If you are making up the "insane tariffs", what about the "taxes" and "phony standards that ONLY apply to American car"? Many Japanese are loyal, as are many (though a lower percentage of) Americans.

[DainBramaged]

2. Yup the DU toyota gods have doomed this story to the scrapheap

can't say nuthin' bad about god ToyHonNis.....