On June 28, 1995 the governments of the US and Japan reached a historic trade agreement regarding the auto industry. The US was seeking to balance out the trade deficit, and Japan agreed to build more cars in the US and buy more US-made parts. The US was threatening to slap a 100 percent tariff on 13 models of Japanese luxury cars. Fortunately a compromise was reached just hours before the deadline, though it does make one wonder what the market would’ve looked like for a Lexus LS that suddenly cost not $50,000 but $100,000. It also brings us to this week’s question:
What’s your favorite Japanese luxury car?
The most entertaining comment by next Monday will receive a prize. Scroll down to see the winner of last week’s QotW, “What’s your favorite Japanese race car?” Continue reading