GM & Toyota Set Stage for Market Share Gains


Detroit Free Press - January 6, 2013

Automak­ers are enter­ing 2013 not only con­fi­dent they will sell more cars and trucks, but know­ing they have more new prod­ucts to offer.

GM and Toy­ota plan to gain mar­ket share with new products.

Toy­ota and Gen­eral Motors expect to gain mar­ket share this year.

Toy­ota, along with its lux­ury and youth-oriented brands, Lexus and Scion, plan to launch nine mod­els, said Jim Lentz, pres­i­dent and CEO of Toy­ota Motor Sales.

Those will include a new Toy­ota RAV4 and a new Lexus IS sedan.

In 2013, GM plans to launch 12 new or sig­nif­i­cantly updated mod­els, includ­ing the Chevro­let Corvette, Impala and Sil­ver­ado, three new Buicks and two new Cadillacs.

“We are set­ting the stage here … to launch the biggest prod­uct port­fo­lio ini­tia­tive in Gen­eral Motors his­tory,” said Mark Reuss, pres­i­dent of GM North America.