Toyota Motor Corp.’s North American chief, preparing to sell Camry-sized hydrogen sedans next year, said he’s “bullish” about advances in the company’s fuel cell system and wants more U.S. supply of the Japan-built cars.
Toyota Motor Corp.’s Camry, the best-selling car in the U.S. for 11 straight years, will keep its lead in 2013 over competing midsize sedans from Honda Motor Co. and Ford Motor Co., Toyota’s U.S. sales chief said.
Toyota Motor Corp. plans to consolidate U.S. sales, engineering and finance operations to suburban Dallas, sending 4,000 jobs from California, New York and Kentucky to a new North American headquarters.
Cautious consumers are slowing auto demand, a trend that won’t clear up until after the November presidential election, said Jim Lentz, chief executive officer of the U.S. sales arm of Toyota Motor Corp., which took back the global auto-sales lead in 2012’s first half.
Toyota Motor Corp.’s North American chief said California’s plan for more than 50 hydrogen fuel stations within two years is making executives feel “bullish” about the outlook for its Camry-sized fuel-cell car due in 2015.