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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

2017 Tokyo Motor Show | Mega Gallery

The 2017 Tokyo Motor Show has been a big and busy one. It's also had machinery ranging from beautiful to bizarre. But there's been something for everyone. Companies such as Honda and Subaru brought performance oriented vehicles, Toyota showcased a wide array of funky and practical concepts, and Yamaha even broke away from motorcycles to do another car concept. You can check all of these vehicles out, and more in the galleries below. 2018 Honda Gold Wing: View 5 Photos Honda Neo Sports Cafe Concept: View 5 Photos Honda Riding Assist-e Concept: View 7 Photos Honda Sports EV Concept: View 5 Photos Honda Super Cub: View 3 Photos Isuzu FD-SI and Elf EV: View 9 Photos Lexus LS+ Concept: View 18 Photos Mazda Kai Concept: View 18 Photos Mazda Vision Coupe Concept: View 15 Photos Mitsubishi e-Evolution Concept: View 8 Photos Nissan IMx Concept: View 29 Photos Nissan Leaf Nismo Concept: View 8 Photos Subaru Viziv Performance Concept: View 12 Photos Toyota Century and Crown: View 7 Photos Toyota Concept-i Series: View 16 Photos Toyota GR HV SPORTS Concept: View 6 Photos Toyota Tj Cruiser: View 12 Photos Yamaha Concepts (Cross Hub, MOTOROiD, MWC-4, Motobot): View 5 Photos Related Video: Tokyo Motor Show Honda Isuzu Lexus Mazda Mitsubishi Nissan Subaru Toyota

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