08/18/2008 (9:27 pm)
Toyota exec calls for rapid industry change
A top Toyota Motor Corp. executive says the auto industry has to quickly change its model lineups and develop clean technology because energy sources are shrinking and costs and environmental concerns are on the rise.
Bob Carter, group vice president and general manager of the Toyota Division in the United States, called on automakers and parts supply companies to turn to each other for help in dealing with high gas prices and slumping U.S. sales.
"There’s no more time-outs. The game is on the line here," he said in a speech Thursday at the Center for Automotive Research Management Briefing Seminars in Traverse City. "We have to radically revamp our lineups, create cleaner technology, and work with others to develop new energy, new fueling stations and smarter roads," Carter said.
That can only be achieved through greater collaboration, innovation and risk-taking, he said in his speech.
"Great ideas will not only rescue us from the current downturn, they’ll help us meet the even greater challenges that lie ahead," he said.
Carter predicted the full-size pickup truck market will eventually recover from its current slump, but he predicted a rough patch for Toyota (TM) in the short term paydayloans.com. The U.S. auto market, he said, will see gradual improvement in 2009, with steady progress in 2010.
U.S. auto sales were down nearly 11% during the first seven months of this year, with truck sales off nearly 19%.
Carter also said U.S. population growth will fuel added auto sales in the long term, with 32 million more people in the country in the next 12 years. He predicted total industry sales in the United States will return to their peak of 17 million vehicles a year, and possibly exceed it.
No Comments
No comments yet.
RSS feed for comments on this post.
Sorry, the comment form is closed at this time.