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11 minutes ago
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Trump wants more American pick-ups in Tokyo and London. That may be a hard sell
By David Dolan, Maki Shiraki and Marie Mannes TOKYO/STOCKHOLM, August 7 (Reuters) -Donald Trump is right that Japan and Europe buy few American-made cars - but it has little to do with trade barriers. From Tokyo to London, many consumers see Detroit's offerings as simply too big and too gas-guzzling. That view has made Chevrolets and Cadillacs a hard sell, and a rare sight, in cities full of slimmer cars from the Toyota Corolla to Honda Civic, Volkswagen Golf and Renault Clio. Trump often complains about what he sees as a refusal to accept U.S. cars while the Japanese and Europeans sell millions of automobiles a year into the United States. In recent trade deals, both markets agreed to drop or ease safety tests on American vehicle imports. Europe will lower levies on U.S. cars. But it may take more than a change of rules and lower tariffs to convince Japanese and European consumers, who contend with narrow roads and painfully tight parking, to buy big American-made Ford F-150 trucks and Cadillac Escalade SUVs. "American cars are designed for wide roads and freeway driving, so handling them on narrow Japanese streets can be tricky. It takes a bit of technique," said Yumihito Yasue, president of Johnan Jeep Petit in Tokyo, which imports and services vintage cars from the United States. His customers tend to be enthusiasts in their 50s and 60s who grew up seeing American cars on TV and in movies. On a recent weekday, he was servicing two Chevrolets, a lustrous brown 1971 Nova and a low-slung 1986 El Camino, both with their steering wheels on the left. In Japan, steering is on the right. Yasue inherited his love of American cars from his father, who started the business four decades ago and would travel to California to scout for cars. Yasue took over after his father died nine years ago, and sells about 20 vehicles a year. "What makes American cars special is the design. Compared to Japanese or German cars, the body shape is more beautiful. Especially the lines, like the rear lines and the fenders," he said. Some 3.7 million new cars were sold in Japan last year, with a third of those mini or "kei" cars - tiny, fuel efficient vehicles not produced by American automakers. Overall, foreign cars accounted for 6% of new car sales, data from the Japanese Automobile Manufacturers Association showed. Of those, around 570 Chevys, 450 Cadillacs and 120 Dodges were sold, data from the Japan Automobile Importers Association showed. Ford pulled out of Japan almost a decade ago. Tesla makes cars sleeker than some of Detroit's and is becoming more popular. The data does not give a breakdown for the EV maker. 'WE DON'T BUY FORD F-150S' In Europe, smaller locally-made U.S. cars have done well: models like the best-selling Ford Puma and the older Fiesta. But over the past two decades, Ford and General Motors have pivoted towards larger pickups and SUVs, vehicles less suited to Europe's narrow streets and compact-car culture. Ford, a big player in Europe from the early 1900s, has seen sales in the region fall sharply, from 1.26 million vehicles in 2005 to just 426,000 in 2024, according to data from the European Automobile Manufacturers' Association (ACEA). Its market share dropped from 8.3% to 3.3%. "We don't buy Ford F-150s, that's not what our roads are scaled for, it's not what our customers want," Andy Palmer, former CEO of Aston Martin, told Reuters. GM exited Europe in 2017, selling Opel after pulling back Chevrolet, but returned with its Cadillac Lyriq last year. It sold a mere 1,514 of the U.S.-made SUV, according to auto data firm Jato. A GM spokesperson said Cadillac was growing its all-electric lineup in Europe, and the vehicles had been well-received in the markets where they were launched. A Ford spokesperson said the firm exported "passion products" to Europe like the Bronco and Mustang, alongside locally-made models tailored for the market. Clive Sutton, a British car dealer in London who sells luxury American models, said his buyers were drawn to the rarity of vehicles like the giant Cadillac Escalade. But he admitted it was a challenge. "There are people that want that car because of its exclusivity and its perceived status," Sutton said. "But it's not the most easy car to find a parking space for, certainly in central London." COMPETITIVE MARKET Trump has also put pressure on South Korea to open its market to American cars and said duty-free access was part of the trade deal the two countries agreed last week. There, imported vehicles account for less than one-fifth of the car market and U.S. models for only 16% of the imported car segment, which is dominated by German rivals, according to data from the Korea Automobile Importers & Distributors Association. German manufacturers have also carved out a strong presence in Japan's luxury market. Mercedes-Benz sold more than 53,000 vehicles last year, making it the most popular foreign brand, followed by BMW at more than 35,000. Japanese automakers say Europeans have been successful because they committed the time and resources to the market. Detroit carmakers, meanwhile, are often associated with left-hand drive cars, which are more challenging to drive on the left-hand side of the road. But some U.S. manufacturers are changing. GM has offered the Corvette only in right-hand drive since the eighth generation version went on sale in 2021. That may be one reason why some 80% of buyers are new customers, a GM spokesperson said. The Corvette is the only model Chevy offers in Japan, and it has sold fewer than 1,000 of them a year for the last decade. GM this year announced plans for a line-up of right-hand-drive Cadillac EVs and deliveries of the Lyriq started in July. 'WOW, A FOREIGN CAR' Jeep, which sells right-hand drive models, has been the most popular American brand for more than a decade, the importer data showed. It sold just shy of 10,000 vehicles last year in Japan. Yukimi Nitta used to drive a "kei" car but she was drawn to the Jeep Wrangler's appearance, which she described as "friendly" and "outdoorsy". The 42-year-old hair salon owner is now on her second Jeep - a limited-edition beige model - and hopes to switch again to another limited-edition colour. Parking is tight but manageable, she said, and two of her friends have since bought Wranglers. "People often say, 'Wow, a foreign car!' But once you drive it, it feels totally normal. I wish more people would try it," she said. While the Wrangler does burn through fuel quickly, the resale value is good, making it possible to switch out colours, something owners do, Nitta said. A spokesperson for Jeep owner Stellantis said it actively promoted owner events. In July, it announced a collaboration with the "Jurassic World" movie series featuring a limited-edition pink Wrangler, the spokesperson said. Big American cars and trucks might find it hard to follow in Jeep's tracks. Daniel Cadwell, an American living in Tokyo, exports used Japanese camper vans and wagons to the United States. He said he was struck by the size of American cars whenever he went home. "They are just excessively big," said Cadwell, who runs Javan Imports in Portland with his U.S.-based business partner. "I think it is highly challenging for a car of that sort to be seen as attractive in Japan." 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Yahoo
11 minutes ago
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iSAM Securities Launches Parallax: High-Transparency Risk Share Model
LONDON, August 07, 2025--(BUSINESS WIRE)--iSAM Securities has announced the launch of Parallax, a proprietary risk share model designed to help brokers unlock additional value from their client flow through transparent, performance-aligned risk sharing. Developed in-house by iSAM Securities' experienced trading, quant, and development teams, Parallax enables brokers to share in both the risk and reward of internalised trading activity without investing in costly risk infrastructure. Paired with iSAM Securities' existing institutional-grade pricing built in-house, Parallax offers clients a structured path to revenue diversification. Chris Twort, Head of Trading at iSAM Securities commented, "We have designed Parallax in response to client demand for greater transparency and stronger collaboration in the typical risk share model. Many brokers are left in the dark when it comes to how their flow is performing. With Parallax, this is at the forefront of what we do, providing clients with daily visibility of performance, so they always know exactly how much they're earning and why. We believe this level of transparency has been missing from existing risk share programs on the market, and we strive to help our clients overcome this." Parallax introduces a new standard to risk shares, built around institutional-grade pricing, low-latency execution, daily visibility of performance, and clear, pre-agreed payout structures. The introduction of Parallax further builds out iSAM Securities' all-round offering with the group's comprehensive risk management tool, Radar, providing detailed analytics on brokers' book performance in real-time. Parallax is now available to brokers globally, with tailored commercial agreements based on flow characteristics and business models. Register your interest in Parallax here. About iSAM Securities iSAM Securities¹, regulated by the FCA, SFC, and CIMA registered, is a leading algorithmic trading firm and trusted electronic market maker, providing liquidity, cutting-edge proprietary technology, prime services, and real-time risk analytics to institutional clients and trading venues globally. For further information, please visit ¹ iSAM Securities (UK) Limited, iSAM Securities (EU) Limited, iSAM Securities (HK) Limited, iSAM Securities (Global) Limited, iSAM Securities Limited and iSAM Securities (USA) Inc. are together "iSAM Securities". View source version on Contacts Media Contact: Molly Sullivanmarketing@
Yahoo
17 minutes ago
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Ex-Man Utd coach reveals extra incentive for Liverpool to sign Newcastle star Alexander Isak
Liverpool target striker Isak Newcastle holding firm Reds can win "treble" with striker Follow GOAL on WhatsApp! 🟢📱 WHAT HAPPENED? Ever since Isak informed Newcastle that he wanted to leave the club, Liverpool have been actively trying to sign the Sweden international. Amid this transfer saga, ex-United coach Meulensteen believes the Reds will be a force to be reckoned with if they can snap up the services of the 25-year-old this summer. He also explained where the Red Devils have gone wrong in recent times, in stark contrast to their Merseyside rivals. WHAT MEULENSTEEN SAID He told Poker Strategy: "If Liverpool manage to get the Alexander Isak deal over the line, I think they'd be looking at winning the treble next season; that's how powerful they'll be. I'd be shocked if Liverpool weren't there or thereabouts next season in terms of the league title. It just goes to show the difference between Liverpool and Man United. Years ago, a clear philosophy of what Liverpool wanted to achieve was installed and Jurgen Klopp firmly planted the seeds of how he wanted the team to play – high intensity and high octane football. The most decisive factor in Liverpool's success is that they've recruited the perfect manager to succeed Klopp. That's exactly where Man United have gone wrong – on several occasions. Arne Slot has built on everything Klopp left to him, with some slight tweaks here and there. Slot has brought in some great players and the club have been very efficient in the transfer window so far. That's everything Man United have done badly in the last decade." THE BIGGER PICTURE Isak is said to be valued at up to £150 million ($200m) by Newcastle, a figure Liverpool may not be willing to reach. The Reds won the Premier League title at a canter last season and if they had the former Real Sociedad man at their disposal, another treble tilt could be within their grasp. WHAT NEXT? Time is running out for Liverpool to sign Isak, and Newcastle to find a possible replacement, as there are just over three weeks left of the summer transfer window. Time will tell if a deal can be thrashed out in the coming weeks.
