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Posts Tagged ‘Toyota’s Jim Lentz’

Toyota Needs New Texas HQ to Help Tackle Global Challenges

Maker’s 100-acre campus represents new organization.

by on Jul.10, 2017

Toyota is ready take on all comers with the more than 3,000 employees from its old headquarters in California that moved to its new one in Texas.

Some 25 years ago, a book by three American professors, “The Machine That Changed the World,” underscored how Toyota modified the mass production system to gain an advantage over its rivals in the automotive industry around the world.

Toyota’s system of lean production, however, didn’t insulate the Japanese automaker from the impact of intensifying competition not only in the U.S. where Toyota’s system was emulated by rivals, but also in Asia and in Europe.

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Toyota has had to fight off new challenges from Japanese rivals such as Nissan and Subaru even as its home market in Japan begins to shrink. South Korean automakers such as Kia and Hyundai have surged ahead in the closely watched J.D. Power & Associates Initial Quality Survey while American rivals have tightened their grip on the all-important truck market in the U.S. (more…)

Automakers Hoping Trump Infrastructure Plan Will Stave Off Sales Slump

Demand could rebound, especially for work trucks, says Toyota’s Lentz.

by on May.04, 2017

Toyota's Jim Lentz believes the key to U.S. auto sales rebounding in 2017 is held by Donald Trump and his infrastructure plan.

April’s weak sales numbers have flagged growing concerns that the U.S. auto market is finally set to slide after seven consecutive years of growth.

But at least one senior industry official is betting that the market could rebound if and when President Donald Trump can implement the big infrastructure program he has been calling for.

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“If you get a $1 trillion stimulus, that could add 800,000 units,” Jim Lentz, CEO of Toyota North America, said during a preview of the maker’s expanded technical center near Ann Arbor, Michigan, on Thursday morning. (more…)

Toyota Predicts 100,000-Unit Sales Jump in 2014

Lentz says economic growth, not pent-up demand to drive sales.

by on Jan.13, 2014

Toyota's Jim Lentz says Toyota expects to sell 100,000 vehicles in the U.S. in 2014.

Toyota expects to sell 100,000 more vehicles this year than it did in 2013 even as total carsales in the U.S. begin to level off. This increase could represent half a percent of market share if the industry meets analysts’ sales forecasts of 16.5 million units.

“At Toyota, we’re confident the auto industry will continue to grow in 2014, but at a more moderate pace,” Jim Lentz, chief executive officer, said in a speech to the Society of Automotive Analysts on the eve of then annual North American International Auto Show.

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Lentz said Toyota expects industry sales to total roughly 16 million units, which represents healthy growth, but slower than the past few years. (more…)

Toyota’s Lentz Maps out Company’s Future in U.S.

Japanese maker relying on technology, design to strengthen sales.

by on Oct.16, 2013

Toyota's Jim Lentz says Toyota's version of autonomous vehicles will improve driver's ability, not take over the entire process.

When the future finally gets here and we’re all driving, or riding in, autonomous cars, the Toyota badge may not be on the side of your ride, according to Jim Lentz, Toyota North America CEO.

The Japanese carmakers’ plans for autonomous vehicles fall more into the realm of helping drivers improve their skills rather than allowing drivers to sit back and read the paper while the vehicle does the work.

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“We view autonomous cars a little differently than some others. We really see it as a co-pilot type car, not as a self-driving car,” Lentz, the first American to head Toyota’s vast operations in the NAFTA region, told the Associated Press. “A car that can really enhance the reflexes and the ability of a driver to continue to drive. That’s why I’m excited about those cars. As we look at boomers and they start to retire, the ability to have cars that can enhance their capabilities, it’s going to allow them to drive much longer.” (more…)