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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

GM, Isuzu shacking up on global midsize pickup development

General Motors and Isuzu might not be financial partners anymore, but it would seem that all those years working together still leaves a strong bond between them to work on new vehicles. Their latest collaboration is co-developing a next-generation midsize pickup to launch at a still-unannounced point in the future. Potential buyers of the upcoming Chevrolet Colorado and GMC Canyon have no reason to fear their purchase becoming obsolete, though, because there are no plans to sell these jointly created models in North America. As part of the deal, GM and Isuzu have already agreed to share components across the trucks and purchase the parts together to get a better deal, according to Reuters. However, the actual manufacturing was agreed to be kept separate. The first inklings of this deal cropped up a year ago when the two automakers signed a memorandum of understanding to co-develop a new pickup. The future GM and Isuzu models are joining the mini-boom of midsize trucks that is about to hit around the world. Nissan already announced its latest Navara, and Toyota was spotted testing replacements for both the Hilux and Tacoma. Plus, Honda has hinted at a new Ridgeline sometime fairly soon in the US. News Source: ReutersImage Credit: Mark Renders / Getty Images Plants/Manufacturing GM Isuzu Truck

Florida man found dead inside SUV covered in parking tickets

A woman in Fort Lauderdale, FL, got a nasty shock last month when she discovered a corpse sitting at the wheel of a heavily ticketed SUV parked near the Broward County Courthouse. According to the Sun Sentinel, Carolyn White was walking down a street in Fort Lauderdale when she spotted something strange. An Isuzu Axiom with deeply tinted windows was parked at the curb festooned with parking tickets. Curious to find out how someone could get that many parking tickets, she went to investigate. "I was being nosy," she told the Sentinel. "I never let the meter man catch me. I never got a parking ticket and I wanted to know why somebody else got caught. And that's what made me look inside." When she approached the vehicle, she discovered more than just a pile of tickets under the wipers. An elderly man was sitting in the driver's seat, slumped face down over the center console between the seats, clutching a credit card in a still hand. "Oh my God, please tell me this man is not dead," was White's first thought, she told the paper. Unfortunately, he was. The Broward County Medical Examiner stated the man in the SUV, Jacob Morpeau of Miami, had been dead for quite some time when White discovered him. Records show that the Isuzu was ticketed in that space numerous times between November 12 and November 15, including twice in the space of three minutes the morning Morpeau's body was discovered. "I can understand why the meter person probably didn't see him from the driver's side," said White. "He was underneath the steering wheel, his head was in the middle of the seat, between the two seats. But you could see him on the passenger's side. That's how I seen him, from the sidewalk." Fort Lauderdale city officials declined to comment on the incident, but an email from the City Clerk's office stated that the $160 dollars racked up while Morpeau sat dead at the wheel of his SUV would be dismissed due to "extenuating circumstances". News Source: Sun Sentinel Auto News Weird Car News Isuzu SUV parking ticket Florida Man