Japan may be 'dumping' cars in US, steelman says
Detroit — The chairman of the nation's largest steel company said Monday that two Japanese automakers may be "dumping" cars in the United States -- selling them below the home-market price. David M. Roderick, chairman of United States Steel Corporation, said a survey comparing wholesale prices in eight US cities and in Tokyo indicated a dumping margin of between 14 and 20 percent. "In other words, Americans buy Japanese vehicles for 14 to 20 percent less than the Japanese do," Mr. Roderick told a news conference. He described the alleged pricing policy as "predatory."
A spokesman for Toyota Motor Sales USA Inc. flatly denied the charge.