Wednesday, January 12, 2005
Lutz: Toyota To Capture Global #1 Spot?
General Motors Vice Chairman Robert Lutz admits it may be impossible from
preventing Toyota from becoming the No. 1 automaker in the world.
"Obviously, our goal is to stop that," Lutz said. "It may be impossible to
stop even if we gain market share in every one of our markets because Toyota is
so huge and expanding so fast in the Asian markets."If they only grow with the
market in those rapidly growing Asian markets, they risk knocking us off."