Toyota Reiterates It May Raise U.S. Prices
From Dow Jones/Associated Press
The chairman of Toyota Motor Corp. 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 there, Hiroshi Okuda said at a news conference.
Okuda was speaking as chairman of the Japan Business Federation, the nation’s most powerful business lobby.
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.
