Tokyo Motor Show opens Saturday with car firms facing challenges

The Tokyo Motor Show kicks off Saturday amid a variety of challenges facing the automobile industry, including intensifying global competition, the yen’s historic surge and supply disruptions caused by natural disasters.

For Japanese automakers, emerging rivals in South Korea and other Asian countries have joined the ranks of long-standing competitors such as General Motors of the U.S. and Volkswagen AG of Germany.

The yen’s record rise has also cut into repatriated profits and eroded Japanese makers’ competitiveness overseas.

Read the rest of the story: Motor show opens with car firms facing triple whammy.