Printer Friendly

GM, FORD, CHRYSLER ANNOUNCE INTENT TO APPEAL ITC MINIVAN DUMPING DECISION

 GM, FORD, CHRYSLER ANNOUNCE INTENT
 TO APPEAL ITC MINIVAN DUMPING DECISION
 WASHINGTON, Aug. 6 /PRNewswire/ -- General Motors, Ford and Chrysler today announced they have filed notice of their intent to appeal the International Trade Commission's (ITC) June 24 negative injury decision in the Japanese minivan dumping case. The appeal notice was sent to the Court of International Trade in New York.
 "Although the U.S. Department of Commerce in May found that Japanese producers were selling their minivans in the U.S. at prices that were about 10 percent (or about $1,500 per vehicle) below fair value, incredibly, a majority of the ITC commissioners found that the dumping did not harm U.S. minivan producers," said Thomas H. Hanna, president and chief executive officer of the Motor Vehicle Manufacturers Association of the United States, Inc. (MVMA).
 "Given the evidence of dumping, the ITC decision was incomprehensible, but perhaps not surprising because it was, in part, based on misleading data which influenced the majority of the commissioners to conclude that there is only minimal competition between Japanese and domestic minivans," Hanna said.
 In a brief filed with the ITC after the final public hearings had been concluded, Toyota submitted proprietary questionnaire results in which minivan purchasers were asked to write in the make and model of their second choice alternative to the vehicle they actually bought.
 Hanna said: "Toyota claimed that the results of their write-in 'second choice' questionnaire survey would allow the commission to distinguish competition between Japanese minivans and Chrysler's U.S.-made minivans from competition between Japanese imports and the minivans that Chrysler builds in Canada and, thereby, determine whether Japanese and domestic minivans were competing for the same customers. No write-in survey of this type is sophisticated enough to make the distinctions that Toyota claimed. Nonetheless, Toyota presented their opinion results as key data -- data given considerable weight by the commission."
 Hanna noted that "one commissioner incorrectly concluded from the data that 'the imports compete principally and directly with minivans imported from Canada, not with domestically produced minivans.'
 "In fact, Toyota's assertion that its data support the conclusion that there is little competition between domestic and Japanese minivans was, we believe, misleading," Hanna said. "Therefore, this will be one of the elements in the three companies' appeal of the ITC decision."
 In a letter to Don E. Newquist, ITC chairman, Chrysler, Ford and GM have alerted the commission to the misleading nature of Toyota's submission.
 -0- 8/6/92
 /NOTE: MVMA President Tom Hanna and counsel for the three auto companies are available for media interviews today between 2 and 5 p.m. EDT. Call the contact below./
 /CONTACT: Ed Lewis of the Motor Vehicle Manufacturers Association, 202-775-2715/ CO: Motor Vehicle Manufacturers Association ST: District of Columbia IN: AUT SU:


TW -- DC004X -- 7610 08/06/92 12:33 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 6, 1992
Words:473
Previous Article:INTEGON CORPORATION DECLARES DIVIDEND
Next Article:IBM, N.J. BLUE CROSS - BLUE SHIELD FORM ALLIANCE FOR HEALTH CARE MANAGEMENT
Topics:


Related Articles
MAZDA RESPONDS TO COMMERCE DEPARTMENT DECISION ON MINIVAN IMPORTS
MVMA ISSUES STATEMENT ON COMMERCE DEPARTMENT'S MINIVAN DUMPING DECISION
TOYOTA MOTOR SALES, U.S.A.'S VICE PRESIDENT ISSUES STATEMENT
TOYOTA MOTOR SALES, U.S.A.'S VICE PRESIDENT ISSUES STATEMENT
TOYOTA BLASTS DUMPING CHARGES
MAZDA URGES ITC TO REJECT CLAIMS OF INJURY ON MINIVAN SALES
AIADA ISSUES REACTION TO MINIVAN DUMPING DECISION; ITC DUMPING RULING REFLECTS REALITY
GM, FORD, CHRYSLER ANNOUNCE INTENT TO APPEAL ITC MINIVAN DUMPING DECISION
GM, FORD AND CHRYSLER FILE COMPLAINT ON ITC NEGATIVE INJURY DECISION IN JAPANESE MINIVAN DUMPING CASE
STATEMENT BY THE AMERICAN AUTOMOBILE MANUFACTURERS ASSOCIATION IN SUPPORT OF A MEANINGFUL U.S.-JAPAN TRADE AGREEMENT

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters