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Offline AshSimmonds

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Porsche, Maserati skip Tokyo Motor Show

Germany's Porsche SE and Italy's Maserati SpA plan not to participate in this year's Tokyo Motor Show as a way to cut costs amid the industry slump, they said Thursday.

Besides the two automakers, Volkswagen AG, Mercedes-Benz and BMW AG have already canceled their appearance in the fall event at Japan's Makuhari Messe.

Furthermore, ailing US carmakers General Motors Corp, Chrysler LLC and Ford Motor Company cancelled their participation.

"While the decision is regrettable, the Tokyo Motor Show remains important as an opportunity to demonstrate advanced technologies to the world," said Satoshi Aoki, chairman of the Japan Automobile Manufacturers Association, which sponsors the event.

According to industry sources, only half as many carmakers are slated to participate in the event as at the last Tokyo Motor Show in 2007.

With the large number of cancellations by foreign carmakers, Japanese companies are set to dominate the show. However, Japan's four largest truck-makers also said they would not exhibit.

The Tokyo Motor Show runs from October 23 to November 4, four days shorter than in 2007.


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