Toyota executive says U.S. auto sales can rebound next year

According to CNBC, Toyota Motor’s North American President Yoshi Inaba said that U.S. auto sales could rebound to a $12- to 13-million annual sales rate within a year. Toyota is also reviewing its options regarding an auto plant in California that was part of a joint venture with Pontiac that was terminated by GM, along with a planned plant in Mississippi that has been put on hold due to market conditions.

  

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