2005 Isuzu Ascender S on 2040-cars

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Japan may aid carmakers facing U.S. tariff threat

TOKYO — Japan is considering giving carmakers fiscal support including tax breaks to offset the impact from trade frictions with the United States and a sales-tax hike planned for next year, government sources told Reuters on Wednesday. Going into a second round of trade talks with the United States on Sept. 21, Japan is hoping to avert steep tariffs on its car exports and fend off U.S. demands for a bilateral free trade agreement that could put it under pressure to open politically sensitive markets, like agriculture. "If the trade talks pile pressure on Japan's car exports, we would need to consider measures to support the auto industry," a ruling party official said on condition of anonymity because of sensitivity of the matter. The auto industry accounts for about 20 percent of Japan's overall output and around 60-70 percent of the country's trade surplus with the United States, making it vulnerable to U.S. action against Japanese exports. Japan's biggest automakers and components suppliers fear they could take a significant hit if Washington follows through on proposals to hike tariffs on autos and auto parts to 25 percent. Policymakers also worry that an increase in the sales tax from 8 percent to 10 percent planned for October 2019, could cause a slump in sales of big-ticket items such as cars and home. Prime Minister Shinzo Abe has twice postponed the tax hike after the last increase from 5 percent in 2014 dealt a blow to private consumption, which accounts for about 60 percent of the economy. To prevent a pullback in demand after the tax hike, the government may consider large fiscal spending later when it draws up its budget for next year, government sources said. "One option may be to greatly reduce or abolish the automobile purchase tax," one of the government sources said. The government is also considering cuts in the automobile tax and automobile weight tax to help car buyers, the source added. Reporting by Izumi Nakagawa and Tetsushi KajimotoRelated Video: Image Credit: Getty Government/Legal Isuzu Mazda Mitsubishi Nissan Subaru Suzuki Toyota Trump Trump tariffs trade

Recharge Wrap-up: Minnesota first to require biodiesel, maglev in Israel, Toyota FCV in Aspen

A new Minnesota law that requires biodiesel blends goes into effect in just a few days, says KELO. Diesel drivers in Minnesota will be pumping soybeans into their tank beginning July 1. Every year, diesel will be sold as a B10 blend (ten percent biofuel) from April through August, and will scale back to a cold-hardy B5 blend from September through March. The biofuel largely comes from soybean crops grown within Minnesota, and the biodiesel industry pumps more than $900 million into the state economy every year. According to the National Biodiesel Board, using the B10 and B5 blends will reduce greenhouse gas emissions by 1,342,000,000 pounds every year. Minnesota is the first state to require diesel to be sold as a biofuel blend. In Japan, Isuzu Motors and Japanese biotech venture Euglena are teaming up to create biodiesel using algae, according to Bloomberg Businessweek. The goal is to create a new type of fuel that doesn't need to be mixed with light oil to be used in engines. "As long as we use light oil for diesel engines, emissions of carbon dioxide are inevitable," says Isuzu president Susumu Hosoi. Euglena has also been using algae to develop jet fuel with airline operator ANA Holdings. Isuzu and Euglena hope to have the new biodiesel developed by 2018. Aerial maglev transportation is coming to the campus of a defense contractor in Tel Aviv, Israel, Wired reports. The SkyTran personal rapid transit system uses small pods on an elevated magnetic track to move people from place to place. The pilot program will see SkyTran come to the corporate campus of Israel Aerospace Industries as soon as next year. The pods are hailed by phone, and carry passengers along the magnetic rail system at speeds of up to 44 miles per hour. The passive magnetic system levitates the pod attachment a centimeter above the rails, while a burst of electricity propels the pod forward. If the test at the campus goes well, SkyTran could spread to Tel Aviv at large, moving up to 12,000 people per track per hour with top speeds of 150 mph. The pre-production prototype of the Toyota FCV will make its North American debut at the 2014 Aspen Ideas Festival on Friday, June 27. The hydrogen car's finished exterior was revealed in Japan on Wednesday along with its nearly $70,000 price tag. It will go on sale in Japan by April of next year, and will come to Europe and California in the summer of 2015.

Junkyard Gem: 1990 Geo Storm

General Motors began selling rebadged Isuzus in the United States all the way back in 1972, when the Isuzu Faster pickup showed up here as the Chevrolet LUV. A few years after Isuzu began selling vehicles in North America under its own branding, The General began selling Isuzu I-Marks as Chevrolet Spectrums; when the time came to create the Geo division to sell badge-engineered Suzukis, Toyotas and Isuzus here, the Chevy Spectrum became a Geo and a sport compact based on the Isuzu Piazza appeared in Geo dealerships as the Storm. Today's Junkyard Gem is a first-model-year example of the Storm, found with lots of miles and plenty of rust in a Denver-area car graveyard recently. Isuzu began selling this car as the second-generation Impulse for the 1991 model year. Few American car shoppers were interested in that car, but the Storm sold well. For the 1991 model year, a "Wagonback" version of the Storm was added to the lineup. The Storm was discontinued after 1993, and Geo itself got the axe in 1997. The 130-horsepower GSi version of the Storm was one of the best quickness-per-dollar deals of its era, but this car is the base Storm with just 95 SOHC horses under its hood. An automatic transmission was available, but this car has the standard five-speed manual. How much did it cost new? The list price was $10,390, or about $24,741 in 2023 dollars.  This one got well past 200,000 miles during its career. The rust is nasty. This car might have been a runner at the end, but corrosion plus high miles, manual transmission and defunct brand all conspired to send it to this place. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The new Geo Storm is rolling in now. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. So cheap! This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The JDM headlights definitely looked better than the sealed-beams we got here.