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Show - Japan - Exudes optimism as Detroit hunkers down
Tokyo Motor Show
Tokyo,Japan -The Detroit News,(Detroit,Mich,USA), by Christine Tierney -October 21, 2005: -- In sharp contrast with the gloom settling over Detroit, Japan's car makers exuded quiet confidence this week at the motor show here that their focus on fuel-efficient, innovative and high-quality vehicles was paying off... Entering the biannual show on a wave of sales and profits, Japan's largest automakers unveiled a raft of new models that signal their designs on the future. Reflecting the upbeat sentiment, Honda Motor Co. displayed a trio of concept cars under the slogan "Fine Times."... Without specifically mentioning Detroit's automakers, Japanese executives attributed the success of Japan's industry to the automakers' focus on the market, tight cost controls and close ties with suppliers... Fukui said many in the industry believed that automakers can bring down their costs by increasing production volumes, but he said Honda's approach was to tailor production capacity to market demand... Japanese executives said U.S. automakers had improved the quality and styling of their vehicles, but they're still suffering because consumer attitudes change slowly... Nissan's Ghosn, whose career includes several turnarounds, said he believed some of the pessimism about the outlook for Detroit's automakers was excessive... "I wouldn't discount the Big Three too fast," he said. "They will come back. They will react. This is a turnaround story now." ...
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