Toyota won’t put the brakes on car production
Lentz: We are always going to have a bias toward passenger cars.
U.S. CEO Jim Lentz told the Detroit Economic Club last week that car sales fell below 30 percent of all sales last month, and he thinks thats close to the bottom.
While Fiat Chrysler, Ford and General Motors are canceling many car models, Lentz doesnt see that happening with Toyota. Consumers are still buying more than 4 million compact, midsize and near-luxury cars each year, he said. Theres no way Im going to walk away from that, Lentz said.
Lentz said that U.S. car sales this year probably will fall below what they were in 2010 during the financial crisis. There is a depression on the passenger car side, he said.
Still, Toyota will stay in the market with its midsize Camry, a new compact Corolla and other models. It even plans to add a model next year when it revives the Supra sports car, he said.
via GM Inside News Forum https://www.gminsidenews.com/forums/
December 11, 2018 at 06:36AM