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www.thecarconnection.com Finds Tokyo Motor Show News Both On And Off The Floor; GM/Daewoo, GM/Subaru, Ford/Samsung Mergers?

21 October 1999

Tokyo Motor Show News

    DETROIT, Oct. 21-- As the Tokyo Motor Show sets to open to
the public today, http://www.thecarconnection.com reports there is as much news "off
the court" as at the manufacturers' booths, with the talk of merger mania
continuing.

    The Car Connection, the Internet's leading automotive e-zine, has posted a
special mid-week Tokyo Motor Show edition Thursday at 9 a.m. to cover the
various news announcements (and unofficial news) which came from yesterday's
Media Day at the show.

    While the Nissan/Renault relationship has taken center stage in Tokyo
because of Nissan's announcement earlier this week concerning its cost-cutting
measures, General Motors is front and center with its long-term goal of
snaring ten percent of the Asian market.  The world's largest automaker has
been holding discussions with both a large Japanese manufacturer and a major
Korean car company -- details in Headlight News from Tokyo on
http://www.thecarconnection.com .

    This special edition from the Tokyo Motor Show also reports on the new
Toyota Sequoia SUV, the slow recovery of the Japanese economy resulting in a
projected 25 percent drop in show attendance, Saturn's possible foray into Far
East manufacturing, and Renault's no-go statement on returning to the U.S.
market.

    Meanwhile, the Koreans have made a splash at the show, with Daewoo
announcing that it will go direct to the Japanese consumer by selling cars on
the Internet, including the 0.8-liter Matiz minicar, while Hyundai will use
the show to exhibit its Trajet seven-passenger minivan along with its new
Santa Fe SUV.

    Web users can access The Car Connection by going to the PR Newswire
site, http://www.prnewswire.com .  In addition, PR Newswire provides the text of all
the manufacturers' news releases from the auto shows, along with all the other
business news of the day.