Toyota's Lentz Says Fair Review of Fuel Standards Needed

The transcript discusses a charismatic speaker's impact on an audience of auto workers, emphasizing job creation in the US. It highlights Toyota's job retention and investment strategies, including autonomous and connected cars. The review of fuel efficiency standards and its implications for Toyota is examined. The market trends for hybrid and electric vehicles are discussed, noting their small market share but growing interest. The potential impact of a border adjustment tax on the auto industry, particularly Toyota, is analyzed, focusing on affordability concerns. Finally, the US's ambition to reclaim its status as the automotive capital is explored, with Toyota's significant manufacturing presence in North America highlighted.

What was the main message delivered by the charismatic speaker to the auto workers?

• To return jobs to the United States

• To increase production of electric vehicles

• To invest in new technologies

• To reduce the cost of cars

How did Toyota respond during the big recession in the automobile business?

• Closed several manufacturing plants

• Did not lay off any permanent workers

• Increased the production of electric vehicles

• Laid off a significant number of workers

What is the current trend in the market for hybrid vehicles according to the speaker?

• Hybrid vehicles are not being produced anymore

• Electric vehicles are replacing hybrids

• Hybrid vehicles are gaining popularity despite low fuel prices

• Hybrid vehicles are becoming less popular

What is the potential impact of the border adjustment tax on the automotive industry?

• It will benefit all automotive companies

• It will have no impact on the industry

• It will create winners and losers within the industry

• It will only affect electric vehicle manufacturers

What percentage of Toyota's sales in the U.S. are built in North America?

• 50%

• 60%

• 90%

• 75%