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Toyota executive: Tariffs will raise costs, drive up prices

Discussion in 'Toyota Passenger and Sports Car' started by BGroot, Jan 13, 2019.

  1. BGroot

    BGroot Moderator

    Chris Reynolds was promoted by Toyota late last year to one of the toughest jobs in the U.S. auto industry. He's in charge of North American manufacturing, as well as human resources, legal, finance and communications.

    It's manufacturing that will present the biggest challenge for Reynolds, who must navigate uncertain U.S. trade policies including tariff threats and possible replacement of the North American Free Trade Agreement with Canada and Mexico. Toyota produces vehicles in both countries for sale in the U.S.

    Also, U.S. auto sales are expected to decline slightly in 2019, and sales of traditional sedans, once staples in Toyota's U.S. model lineup, are falling.

    Reynolds, the son of a Ford factory worker who grew up in Detroit, spoke with The Associated Press after...READ MORE HERE

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