Japanese car makers castworried glances at the thinning calendar: On September 30, Japan will discontinue their subsidies for environmentally friendly cars. That program had provided Japan with China-sized double-digit growth rates. All things must pass, and Japanese automakers are getting ready for a German sized Abwrackprämien-aftershock: Everybody is expecting a run on dealer lots through September and then: Bang. Other than in Germany, where people who never bought new traded in the jalopies for a cheap new car, in Japan there is a huge pull-forward effect. Automakers are preparing for the worst. (Read More…)
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