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Toyota U.S. boss says 'auto industry is gaining momentum'

Detroit News -- Toyota Motor Corp.'s top U.S. executive touted the automotive industry's promising future, citing pent-up demand and increased research and development throughout the industry.

Jim Lentz, president and CEO of Toyota Motor Sales USA, the keynote speaker to kick off the Los Angeles Auto Show, said a growing economy, falling unemployment rate and rock-bottom interest rates are a sign the industry should continue to improve following the recent auto crisis.

"The auto industry is gaining momentum," Lentz proclaimed Wednesday. "The forecast ahead looks even better."

Light-vehicle sales this year through October are up 13.8 percent, according to Autodata Corp., but some automakers are faring better than others.

For example, Toyota's U.S. sales are up 30 percent this year through October and t


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Submitted Nov 29, 2012 By: skb69sa
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Toyota U.S. boss says 'auto industry is gaining momentum' Back to Topics
REPLIES (newest first) Post a Reply
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honda0105
Champion Author Tallahassee

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Message Posted: Dec 1, 2012 11:22:06 PM

good for Toyota. Not sure it's happening though.
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jkpsr
Champion Author New Jersey

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Message Posted: Nov 30, 2012 10:50:01 PM

For the Japanese.
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dylan126
Champion Author Cleveland

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Message Posted: Nov 30, 2012 5:12:09 AM

if anyone wishes to believe this this lie.....

"said a growing economy, falling unemployment rate and rock-bottom interest rates are a sign the industry should continue to improve following the recent auto crisis."
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dudleydolittle
Champion Author Cleveland

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Message Posted: Nov 30, 2012 5:04:47 AM

"said a growing economy, falling unemployment rate and rock-bottom interest rates are a sign the industry should continue to improve following the recent auto crisis."
this was a joke yesterday and still is today.........
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tomok
Champion Author Portland

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Message Posted: Nov 30, 2012 4:40:40 AM

Toyota U.S. boss says 'auto industry is gaining momentum' – really?
It's cheaper to build Toyota's in the US and not in Japan? More Toyota's in the US?
'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down! People will still drive and buy fuel no matter what but it sure helps to have a job too!
Big Oil and Big Gas continues to sell fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US.
Big Oil producing fuel in 'off line' mode when the refinery is performing maintenance or an upgrade at the same time. The refineries own emissions data proves what was happening during those upgrades and maintenance periods.
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their personal greedy benefit.
Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
XII/XXII/MMXII!
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millerin
Champion Author Orlando

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Message Posted: Nov 29, 2012 11:49:19 PM

will see
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CDMAuto
Champion Author Connecticut

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Message Posted: Nov 29, 2012 6:50:37 PM

Go Toyota
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melvindale
Champion Author Michigan

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Message Posted: Nov 29, 2012 6:21:30 PM

Its about time!
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carloco75
Champion Author Richmond

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Message Posted: Nov 29, 2012 6:09:44 PM

I wonder if the resent storms are "Driving" the need for new cars...

[Edited by: carloco75 at 11/29/2012 7:10:32 PM EST]
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Bookieecon
Veteran Author Georgia

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Message Posted: Nov 29, 2012 6:03:03 PM

After the seasonal workers are let go, the first 2-3 months of the year is the hiring freeze period. You can expect unemployment claims to go up. Which will cause all the media to focus on the doom and gloom. Let's hope the banks loosen the credit some for business to expand. Money supply is up but, flow is down. The auto industry has got to keep giving incentives to the consumer to buy.
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Paw5X
Champion Author Gary

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Message Posted: Nov 29, 2012 5:55:08 PM

Ain't that nice!
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Romey08
Champion Author Virginia

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Message Posted: Nov 29, 2012 5:52:36 PM

Folks replacing those gas guzzlers is a good thing
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SoutheastdannyB
All-Star Author Grand Rapids

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Message Posted: Nov 29, 2012 5:51:46 PM

encouraging
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spiderjay
Champion Author Little Rock

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Message Posted: Nov 29, 2012 5:48:50 PM

just coasting down hill
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THX138
Champion Author San Francisco

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Message Posted: Nov 29, 2012 5:48:44 PM

What?
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hank1326
Champion Author Los Angeles

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Message Posted: Nov 29, 2012 5:46:01 PM

How about more low cost options?
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unloquacious
Champion Author Indiana

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Message Posted: Nov 29, 2012 5:43:28 PM

"pent-up demand"
now that's an interesting concept...
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DrZNY
Champion Author Albany

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Message Posted: Nov 29, 2012 5:41:16 PM

Yeah, good thing Romney didn't win, he was against the auto bailout, but he made money by holding us taxpayers hostage on the parts made by one of his funded suppliers (Delphi)?
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Caribou2011
Champion Author Ohio

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Message Posted: Nov 29, 2012 5:41:03 PM

Hope they have the brakes and floor matts fixed.
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heysailor
Champion Author Pittsburgh

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Message Posted: Nov 29, 2012 5:39:22 PM

Build cars with fuel cells and it will gain more momentum
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iamforiu
Champion Author Indiana

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Message Posted: Nov 29, 2012 5:39:13 PM

same old
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Ram4Sam
Champion Author San Bernardino

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Message Posted: Nov 29, 2012 5:38:51 PM

Keep drinking the kool aide......
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Muskie78
Sophomore Author Ohio

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Message Posted: Nov 29, 2012 5:36:13 PM

cool
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arcaneradio
Champion Author Michigan

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Message Posted: Nov 29, 2012 5:34:05 PM

How about an increase in momentum on U.S. owned manufacturers?
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hmw10284
Champion Author California

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Message Posted: Nov 29, 2012 5:33:48 PM

not all is at it seems
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wz
Champion Author Twin Cities

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Message Posted: Nov 29, 2012 5:27:24 PM

Realize that the year-to-year comparisons are against unusually low demand following the cash-for-clunkers program that shifted last year's demand to the previous year (at a cost of billions of taxpayer dollars). They should follow demand trends since 2007 (before the crash) to see where the recovery really stands.
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DancingDee
Champion Author Gary

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Message Posted: Nov 29, 2012 5:25:55 PM

That's good.
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carefrey
Champion Author Orlando

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Message Posted: Nov 29, 2012 5:20:13 PM

I am trying to stick with American made!
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jellybelly72
All-Star Author San Bernardino

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Message Posted: Nov 29, 2012 5:17:21 PM

I'm still trying to pay for the ones I have already
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slowpoke63
Champion Author Louisiana

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Message Posted: Nov 29, 2012 5:16:42 PM

I have a 10 year old Dodge pickup and a 3 year old Toyota van. Given that we drove the predecessors 15 years, I won't be getting another any time soon!
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aarrrt
Champion Author San Diego

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Message Posted: Nov 29, 2012 5:16:05 PM

Do it before the new taxes kick in.
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EmperorsFinest
Champion Author Chicago

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Message Posted: Nov 29, 2012 5:15:54 PM

I still cannot afford a new car!
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naspa
Champion Author Cleveland

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Message Posted: Nov 29, 2012 5:13:04 PM

Who the he'll is buying these new cars cuz I don't know anybody for 5 years that got one!
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pmarsch
Champion Author Wisconsin

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Message Posted: Nov 29, 2012 5:12:04 PM

To many recalls & very boring looking. Can't trust them! Why would anyone buy one?
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slowtrain
Champion Author Georgia

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Message Posted: Nov 29, 2012 5:11:34 PM

With cars priced so high I don't see anybody can afford a new one.
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kuma2000
Champion Author Honolulu

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Message Posted: Nov 29, 2012 5:10:39 PM

I guess I will be adding to that momentum as I will be purchasing a new vehicle early next year.
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Elaine4411
Champion Author Pennsylvania

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Message Posted: Nov 29, 2012 5:07:45 PM

I'll not be in the market for a new vehicle anytime soon. My car runs just fine.
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SUPERQUACK
Champion Author Sacramento

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Message Posted: Nov 29, 2012 5:04:07 PM

DOUBT IT..... NO ONE HAS ANY MONEY
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humblepie
Champion Author Toledo

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Message Posted: Nov 29, 2012 5:00:35 PM

and neither company recieved obamabux i believe, amazing
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GNo1
Champion Author Nashville

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Message Posted: Nov 29, 2012 4:49:49 PM

Sure.
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sit
Champion Author Cleveland

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Message Posted: Nov 29, 2012 4:45:19 PM

sure. Look where their stocks are.
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snerd
All-Star Author Pennsylvania

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Message Posted: Nov 29, 2012 4:42:34 PM

Doubt it, not with the economy the way it is.
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slvrdo_dsprdo
Champion Author Nashville

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Message Posted: Nov 29, 2012 4:42:03 PM

"falling unemployment rate"

Falling how? It's the same as when Obama took office, and seems more likely to go up than down at this point.
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jamie12704
All-Star Author Minnesota

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Message Posted: Nov 29, 2012 4:40:54 PM

Ford makes a better one !
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neemund
Champion Author Seattle

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Message Posted: Nov 29, 2012 4:40:11 PM

My pickup is only 19 years old so I see no reason to trade it in.
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Dsin44
Champion Author Abbotsford

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Message Posted: Nov 29, 2012 4:40:06 PM

might buy a Toyota next.... have botton my ---d
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Ready Eddie
Champion Author Twin Cities

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Message Posted: Nov 29, 2012 4:37:44 PM

A good company making great vehicles. Go Toyota.
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paulweb
Champion Author Ohio

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Message Posted: Nov 29, 2012 4:36:49 PM

People still hanging on to their vehicles because of economic uncertainty. But that's what was voted on.
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Tnerbeel
Champion Author Houston

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Message Posted: Nov 29, 2012 4:36:39 PM

And what Toyota says lost just a tad bit of credibility back when they blamed floor mats for their acceleration problem.
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silvershark69
Champion Author Minnesota

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Message Posted: Nov 29, 2012 4:33:52 PM

Moving Forward
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