(More after the jump)
[Source: Agence France-Presse via Todayonline.com]
Worse, the Deutschland automakers see Lexus, Acura and possibly Infiniti’s entry into the marketplace ( Nissan launched the Fuga luxury brand in 2004) as an opportunity. According to Setsuya Ito, spokesperson for DaimlerChrysler Japan, “Lexus brought us a big business chance. With the entrance of Lexus into Japan, the luxury car market could move into the limelight with more customers becoming aware of our cars as one of their options.”
Analysts point out that the competition has barely begun. With Lexus, for example, still new to the market, analysts don’t count on the Germans to necessarily maintain their dominance in the future.