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Essay heading: Japanese Auto Industry
 
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Issue: History
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Date added: October 9, 2008
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No of pages / words: 3 / 733
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Under this new law any Japanese company that intended to manufacture over 3,000 vehicles had to obtain a license. Once licensed these manufacturers were given tax exemptions which covered company income, sales and any imported goods specifically used for the manufacturing of the vehicles for a period of 5 years under this new law...
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Licenses were awarded to Toyota and Nissan. This law also restricted annual production of Ford and GM vehicles to 12,360 units and 9,470 units respectively (Togo, 2007). Tariffs were also increased towards complete vehicles and auto parts to increase domestic production. As new technologies are introduced into the world you run the risk of these technologies impacting the environment whether it is positive or negative...
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