MITI rejected this too and finally Rootes entered into an agreement with Isuzu – under terms set by MITI. Rootes then proposed an agreement with Ikegai Motors by which Rootes would import parts, Ikegai would assemble them and then Rootes would sell the vehicles. Rootes' first proposal was to set up their own CKD factory, which was opposed by MITI. MITI were basically forced to develop these policies after both Rootes and Chrysler had applied to set up car manufacturing arrangements earlier in 1952. The importation of raw materials not produced in Japan was permitted. Manufacturing rights for foreign cars must be transferred to domestic companies.Within 5 years of a technology agreement being signed, 90% of parts were to be produced domestically.Remittance of royalties and patent fees was guaranteed.Foreign capital for production was allowed if it contributed to local industry development.Foreign capital for sales operations was not permitted.MITI released a further policy statement in October 1952 which provided: MITI also controlled the amount of foreign currency that could be spent on auto imports and said they would only allocate enough to allow 1200 cars per manufacturer (per annum). They also stated that smaller European cars were more suited to Japan than larger American ones. MITI stated that it would allow foreign firms to enter the market only through technical agreements with existing local "chassis makers". In June 1952 the Japanese Ministry of International Trade and Industry (MITI) issued a policy regarding the entry of foreign manufacturers. By April 1952 six companies – Rootes, Renault, Standard, Opel, Fiat and Chrysler - had conducted Japanese market research studies. The Japanese post-war car industry Īfter World War 2, car companies from Western countries were anxious to sell vehicles in Japan. During the 1930s "Tokyo Automobile Industries" was formed and in 1949 the company name was changed to Isuzu Motors. In 1922, Tokyo Ishikawajima Shipbuilding & Engineering localized production of the Wolseley A9 - the first passenger car ever made in Japan. In 1918, this company entered into an agreement with the British automaker Wolseley Motor Ltd. Isuzu traces its history back to the Tokyo Ishikawajima Shipbuilding & Engineering Co., Ltd.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |