Toyota knows success comes with a big price...
Japanese automakers ``are importing the more expensive cars to the U.S., and getting the benefit of the yen imbalance,'' Levin said. Japan has ``a clear-cut set of policies, and we don't have any.''
In the briefing to other Toyota managers, Sudo cited political and social risks under the heading of ``external challenge.'' The report, left unsecured on computers at the company's Georgetown, Ky., complex, said Toyota could come under fire for:
• Selling vehicles to U.S. customers with high proportions of foreign-made parts. Less than half of all content of Toyota vehicles sold in the United States is made in the United States or Canada.
• Not including enough minority-owned businesses in its supplier base. The Rev. Jesse Jackson, leader of the Rainbow PUSH activist group, has asked Toyota to improve diversity efforts.
• Leaving a vacuum in U.S. communities as GM, Ford, Chrysler and their suppliers shed plants and workers.
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This is one of my biggest beefs with the Japanese auto industry. They get an unfair advantage in their own country and therefore can compete unfairly in our country.
Tom