Toyota Forecasts Sharply Lower Sales Growth in China
Last year Toyota Motor Corp. sales in China climbed nearly 13% to 1.03 million vehicles. But the company anticipates only about 7% growth in 2015 enough to reach 1.1 million units.
Toyota's dealers are asking the company to pay them 2.2 billion yuan ($354 million) in subsidies and set more realistic sales goals for 2015. Some complain the company is forcing quotas upon them and charging penalties if they balk.
It’s the fifth generation of a vehicle that has been increasing in sales year after year since its introduction in 1997.
Last year Buick sold 219,231 vehicles in the U.S.
Back in 2012 Audi bought Italian motorcycle manufacturer extraordinaire Ducati for €860-million which, at the time, probably seemed like a good idea.