Toyota threatened in U. S.
Toyota Motor Corp. was already counting on the revamped Camry to
spark a U.S. sales rally. The carmaker's flagship model is now under
additional pressure as a stronger currency and Thailand's floods cut
into profit.
The company reduced its earnings forecast last week by more than 50
percent for the year ending in March, blaming a slump in production
after Thailand's worst floods in almost 70 years. The 2012 Camry was
released in October with a goal of boosting sales hurt by Japan's
earthquake and tsunami and retaining its title as the top-selling U.S.
passenger car.
"There's a lot of pressure on that car," said Maryann Keller, an auto
analyst and president at Maryann Keller & Associates. "It's been
reviewed as being competitive within the midsize sedan segment, but not
that much better or worse than competitors.
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