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THE AMERICAN AUTOMOBILE MANUFACTURERS ASSOCIATION STATEMENT

 DETROIT, Feb. 9 /PRNewswire/ -- The following is a joint statement by Robert J. Eaton, chairman and chief executive officer of Chrysler Corporation; Harold A. Poling, chairman and chief executive officer of Ford Motor Company and John F. Smith, president and chief executive officer of General Motors Corporation:
 Although our legal counsel have advised us that we have a strong case under U.S. trade law that Japanese manufacturers are dumping cars into the U.S. market -- with total disregard for the future of the U.S. economy and American jobs -- we have decided not to take legal action at this time.
 We consider dumping a serious threat and we will, of course, continue to monitor the situation to assure that U.S. laws are obeyed. It's important to remember that dumping is a matter of law -- not protectionism -- that virtually every industrial nation, including Japan, uses to assure the future of their economies, jobs and standards of living.
 We have said for some time that Japan must bring its total trade into balance with the U.S. and other nations within five years. Statements from the Clinton Administration that it intends to address the chronic U.S.-Japan trade imbalance are encouraging.
 The three companies have pledged to work with the government and support action plans to address the trade issue, which is so vital to the health of the American auto industry and the U.S. economy. We will be sharing the compelling data we have developed in our analysis of dumping with senior members of the Administration.
 We believe that this approach will give the Clinton Administration the opportunity to develop its position on trade and jobs. It also will bring broader results in the near-term than proceeding with a dumping suit at this time.
 The U.S. auto industry is in a strong competitive position. We are continuing to win back customers with products and customer service that can match or better anything built anywhere in the world.
 It is time for Japan to address its unfair trade and business practices. Major trading partners have a responsibility to make the global trading system work for the benefit of all nations.
 -0- 2/9/93
 /CONTACT: Steve Collins of AAMA, 202-775-2743; John Guiniven of Chrysler, 202-862-5409; Al Chambers of Ford, 313-322-9545; or Jim Crellin of General Motors, 313-556-2027/
 (F GM C)


CO: Ford Motor Company; Chrysler Corporation;
 General Motors Corporation ST: Michigan IN: AUT SU:


KE -- DE022 -- 4755 02/09/93 14:45 EST
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Publication:PR Newswire
Date:Feb 9, 1993
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