Today, Japan Automobile Manufacturers Association (JAMA) member and Tokyo Motor Show chairperson Toyokazu Ishida, confirmed that Hyundai has become the 23 and final major automaker to withdraw from the show. “Hyundai called last week and orally confirmed their intent to cancel,” said Ishida. “It’s unbelievable.” Decidedly more a sound business maneuver then a personal slight, Hyundai’s decision comes on the heels of a string of cancellations from literally every major foreign manufacturer, including Chrysler, GM (and all its subsidiaries), Ford, Volvo, Porsche, and Maserati, to name a few. Excluding native Japanese manufacturers, that leaves Germany’s Alpina Burkard Bovensiepen and Britain’s Lotus as the sole participants.
Anticipating a dismal showing after the Detroit Three bowed out earlier this year, some Japanese companies suggested Tokyo take a page from Britain’s book and cancel the event altogether, but JAMA remained adamant that the show must go on. It remains to be seen how this latest development will affect their optimistic plans.