Oct 05, 2015 VW, Toyota, Marketing
Lentz noted Toyota doesn’t sell diesel cars in the United States. “We are confident that we have not done anything to put any of these devices on our vehicles. It’s difficult to say if others are doing it or not. Time will tell,” Lentz said. In the wake of a series of scandals in the auto industry, Transportation Secretary Anthony Foxx said earlier this week he is planning to bring auto executives in for a meeting in Washington — in part to ensure that regulators are getting honest answers.
Lentz said the impact of cheating by VW on Toyota sales was minimal.“We probably sell more Camrys than they sell total vehicles” in the United States. Toyota’s primary U.S. rival is Honda. “There’s really not much competition between the two of us,” Lentz said of VW.
He declined to assess how VW is handling the crisis. “They don’t need my help on what they are doing,” Lentz said. “They are going to have decide what they are going to do.” In March 2014, Toyota paid a $1.2 billion fine to settle a four-year Justice Department investigation into sudden acceleration problems and agreed to three years of monitoring by a former U.S. attorney, David Kelley.
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