A U.S. House of Representatives report, detailing its investigation into the United States Steel Corporation, asserted that in the 1890s there were two general types of loose associations or consolidations between steel and steel interests in which companies retained ownership and a high degree of independence: the «pool» and the «gentleman`s Agreement.»  The latter type does not have a formal organisation for the regulation of production or prices or provisions on forfeiture in the event of infringement.  The effectiveness of the agreement was based on the fulfilance of informal commitments made by members.  Rather, the agreement was a series of directives to which Subaru adhered in bulk. But I know that at that time, Subaru turned off the performance of the WRX and STIs to stop that deal, and slowly recut the performance every year, a few horsepower at a time. Almost all car enthusiasts know the situation on the horizon, but according to CarThrottle, the Toyota Century V12 was also stifled by the «chord», although lightweight, and actually made more than 300 hp instead of its alleged 276. Since 1989, all Japanese car manufacturers have approved – at least on paper – a kind of gentlemen`s agreement that limited their advertised ps to 276 hp for vehicles produced on the national territory. Their primary goal was to avoid a PS war in a country where the top speed is 62 mph. But in October, Honda officially broke the agreement on its Legend (Acura RL in the United States) by presenting the 3.5-liter V-6 of the model, strong of 300 hp. However, Japanese engine designers will gladly admit that the country`s manufacturers have built cars with more than 276 horsepower.
It`s just that none of the automakers officially wanted to violate the agreement. It`s no secret that Mitsubishi Lancer Evos, Subaru Impreza WRX and Nissan 300ZX Twin Turbos have been violating the agreement for years, but in Japan at least they have all claimed to have 276 hp. Fake advertising was ignored for reasons of harmony. Not anymore. Growing dissent from domestic industry culminated in a turning point in 2004. Former JAMA president Itaru Koeda went to the press in July 2004 to explain that his organization had indeed not found a link between speed and road deaths, which fell below 8,000 deaths a year, and therefore called for an end to the 280-ch gentlemen`s agreement. The gloves were now off, and Japan could beat its weight without restriction on the international stage when it came to its motor muscles. Just as Nissan`s Fairlady Z was there in 1989 to launch the electricity cap, another car was waiting in the starting blocks to mark its abolition. This car, the Honda Legend, was launched in mid-2004 and makes 300 modest hp.
Since then, of course, many other models have followed – including the 308 hp Subaru Impreza STI, the 333 hp Nissan Skyline coupe and the 380 hp Lexus LS460. . . .