In an internal report, a top Toyota executive warns that the Japanese automaker could face criticism from consumers and politicians because its U.S. sales are increasing, while Detroit's automakers
are losing sales and shuttering plants.
Writing that recent market-share gains brings both risks and responsibilities, Seiichi (Sean) Sudo, president of Toyota Engineering & Manufacturing
in North America, also says: "Our competitors are jealous of our success."
Detroit's congressional allies of GM, Ford and Chrysler say it's not jealousy. They say Japanese automakers are
exploiting an artificially weak yen to make their products more affordable. With a new Democratic majority in Congress, Michigan's Democratic lawmakers have pledged to press harder on trade and other
issues where Detroit automakers say Japanese companies have an unfair advantage.
advertisement
advertisement
Read the whole story at Detroit Free Press »