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Honda, Ford, and Toyota Raise Alarm on China's Vehicle Production Potential: "We Will Not Survive"
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Honda, Ford, and Toyota Raise Alarm on China's Vehicle Production Potential: "We Will Not Survive"
Several automakers including Ford, Toyota, and Honda have warned against China’s vehicle production capabilities, suggesting that its automakers alone can cater to the vehicular demands of an entire country in a very short time. Toyota CEO Koji Sato stated that his company “will not survive” if a major internal transformation does not come about. The product life cycle for a Chinese automaker, from designing a car to its engineering, research an…
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