The current trade and tariff environment under U.S. President Donald Trump is the greatest potential danger to the automotive industry, according to Toyota North America CEO Jim Lentz.
Each of the Detroit-based automakers suffered double-digit sales declines. FCA was down 35 per cent. GM was down 18 per cent while Ford fell 11 per cent. Nissan and Toyota had record months.
Chief engineer Yoshikazu Saeki said he wanted to bring the latest RAV4 back to the essence of a utility vehicle: a multipurpose option that can handle adverse road conditions and still make its passengers feel safe.
In a market that's tilted 70-30 toward light trucks, why does Toyota bother to invest in cars? Because in that smaller market, Toyota is a giant. And it has even more elbow room now that the Detroit 3 have decided to vacate several car segments.
The revamped 2020 Toyota Corolla sedan will hit the streets on a new platform and with a more powerful engine option and edgier design that gives off a more athletic look. The Corolla faces persistent headwinds in a market shifting to light trucks.