Mitsubishi President Protests U.S. Auto Group Ad
Jun. 20, 1995
TOKYO (AP) _ The president of Mitsubishi Corp. was misquoted in a U.S. auto group's advertisement as saying Japan's auto market is closed, a spokesman for the company said Tuesday.
The American Automobile Manufacturers Association ad last week in the Washington Post said Makihara had ``confirmed what every one in the world knows: Japan's market is closed to foreign cars, trucks and auto parts.''
The ad apparently was based on a report in the national Asahi newspaper June 8 that quoted Makihara as saying a reason for U.S-Japan trade friction is the closed nature of the Japanese market. The Asahi article did not carry any comments on automobiles.
``Mr. Makihara told Asahi that, generally speaking, the Japanese market might be considered closed, not specifically in the field of cars,'' Mitsubishi spokesman Takashi Shogase said Tuesday.
``On the contrary, Mr. Makihara commented after that, that car sales, including dealerships for foreign cars, including auto parts, are relatively more open,'' Shogase said.
Shogase said Makihara sent a letter of protest to the AAMA last week. The association has not yet responded, another Mitsubishi spokesman said.
Makihara sent a letter of protest to the American Automobile Manufacturers Association last week Shogase said.
U.S.-Japan auto and auto parts trade is an extremely sensitive issue, and negotiators from the two countries are to meet starting Thursday in Geneva to try to forestall $5.9 billion in punitive U.S. tariffs on Japanese luxury cars.
Washington says it will impose the sanctions June 28 _ the following Wednesday _ if no deal is reached to open Japan's market further to auto and auto parts imports.
Mitsubishi Motors, a major Japanese carmaker, is part of the same industrial group as Mitsubishi Corp.