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STATEMENT BY THE AMERICAN AUTOMOBILE MANUFACTURERS ASSOCIATION IN SUPPORT OF A MEANINGFUL U.S.-JAPAN TRADE AGREEMENT

WASHINGTON, March 30 /PRNewswire/ -- The following is a statement by the American Automobile Manufacturers Association:

America's Car Companies applaud the U.S. effort to work toward an open Japanese auto market. It's right for America and its right for Japanese consumers.

We are ready and able, to compete in Japan's market. Chrysler, Ford and GM are successful competitors in every major market in the world. They are industry leaders in many product categories including sedans, minivans, sport utility vehicles and pick-up trucks.

As we began to see some limited progress in opening Japan's closed market American automakers have undertaken substantial long term plans to develop and market vehicles specifically for the Japanese market.

Chrysler, Ford and General Motors are offering right-hand drive models in Japan. For example:

-- Chrysler is selling a right-hand version of its Jeep Cherokee in Japan. Future right-hand drive models will include the Jeep Grand Cherokee, Wrangler, Neon and Chrysler's minivan.

-- Ford has introduced the right-hand-drive Probe and Mondeo and will soon offer right-hand versions of its Taurus and Explorer.

-- General Motors now sells a right-hand-drive Opel in Japan and will introduce a range of right-hand-drive vehicles, including the Saturn, over the next several years. GM's future plans include producing 20,000 right-hand-drive Cavaliers for sale by Toyota in model year 1996.

If a meaningful agreement can be achieved and access to high quality dealer outlets is significantly increased, Chrysler, Ford and GM expect to sell a minimum of 200,000 cars and trucks in Japan by 1998 -- versus 40,000 in 1994.

A more open automotive market in Japan benefits U.S. workers and Japanese consumers. When an agreement is reached which opens Japan's closed auto market, Japanese consumers will have greater choice of vehicles at a more competitive price.

It is time for Japan to join the community of industrialized countries that have open markets. It's time for action, it's time for change.
 -0- 3/30/95


/CONTACT: Laura Armstrong, 202-326-5538, or Ed Lewis, 202-326-5539, both of AAMA/

(C F GM)

CO: American Automobile Manufacturers Association ST: District of Columbia IN: AUT SU:

TO -- DE030 -- 2534 03/30/95 16:50 EST
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Publication:PR Newswire
Date:Mar 30, 1995
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