America's No.1 Car Exporter Is...Japan?

That's right. The Japanese now outship Detroit

A delegation of Chinese officials came to America last year in search of automobiles they could buy to help reduce China's growing trade surplus with the U.S. Whom did they approach? Naturally, they went to Honda Motor Co. and Toyota Motor Corp., America's top two car exporters. "They wanted cars from our Ohio plant," recalls Yo Masuda, Honda's vice-president for exports from the U.S. Honda couldn't deliver, but Toyota was happy to oblige and just began shipping Avalon sedans to China from its Kentucky factory.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.