LOS ANGELES (Reuters) – The United States automotive industry will move into the slow lane in 2014 as fewer buyers replace aging vehicles and growth drops to half this year’s rate, the head of Toyota Motor Corp’s (7203.T: Quote, Profile, Research, Stock Buzz) North American operations said on Wednesday.
While U.S. industry sales are expected to grow by 1 million vehicles to 15.5 million this year, Toyota North American Chief Executive Jim Lentz said he expects the 2014 total to be closer to 16 million.
LOS ANGELES (Reuters) – Volkswagen AG (VOWG_p.DE: Quote, Profile, Research, Stock Buzz) wants the workers at its Tennessee plant represented by a German-style works council, but the final form of representation and whether that includes the United Auto Workers union must be decided by the employees in a formal vote, the automaker’s top U.S. executive said on Wednesday.
“Our strong desire is to have a works council present in Chattanooga,” Jonathan Browning, Volkswagen Group of America’s president and CEO, said in an interview at the Los Angeles Auto Show. “The challenge in a U.S. context is how to bring that into being. That’s obviously the point of discussion in terms of how you actually move forward.”