OSAKA (AP) — The chairman of Toyota Motor on Wednesday repeated his statement that the automaker is likely to raise its vehicle prices in the United States to support struggling U.S. carmakers, Kyodo News reported.
If the U.S. auto industry collapses, it may adversely affect Japan-U.S. relations by stirring up national sentiment, Hiroshi Okuda said at a press conference. Okuda was speaking as chairman of the Japan Business Federation, the nation's most powerful business lobby known as Nippon Keidanren.
Two weeks ago, Okuda said the biggest Japanese automaker may raise its prices in the U.S. market to make it easier for American automakers to beef up their earnings.
Okuda reiterated his view following General Motors' announcement Tuesday that it will cut 25,000 jobs to reduce costs.
Honda Motor has ruled out price hikes to help ailing U.S. automakers, saying such increases could be considered price manipulation under U.S. antitrust law.
Okuda, however, said automakers can raise prices when they introduce new versions
USA Today
If the U.S. auto industry collapses, it may adversely affect Japan-U.S. relations by stirring up national sentiment, Hiroshi Okuda said at a press conference. Okuda was speaking as chairman of the Japan Business Federation, the nation's most powerful business lobby known as Nippon Keidanren.
Two weeks ago, Okuda said the biggest Japanese automaker may raise its prices in the U.S. market to make it easier for American automakers to beef up their earnings.
Okuda reiterated his view following General Motors' announcement Tuesday that it will cut 25,000 jobs to reduce costs.
Honda Motor has ruled out price hikes to help ailing U.S. automakers, saying such increases could be considered price manipulation under U.S. antitrust law.
Okuda, however, said automakers can raise prices when they introduce new versions
USA Today
