Salaries have soared in Silicon Valley for automotive technology experts thanks to the emergence of Uber and Tesla as serious rivals. That's why Toyota and other Japanese automakers are looking for engineers at home.
U.S. light-vehicle sales dropped 6.9 percent in July, the weakest showing yet in a year that is on track to generate the industry's first decline in volume since the 2008-09 market collapse. The SAAR dropped to 16.78 million, down more than 1 million from July 2016.
Crossovers may be the rage, but Honda, Nissan and Toyota have a long legacy of successful cars in the U.S. market, and each brand is keen to hang on to the considerable volume these segments still bring in every year.