In Japan when you say diesel engine, everyone thinks of rattling, smelly, dirty engines. Demand is almost nil at this moment.
—Tatsuo Yoshida
Even for Toyota, Japan is a very difficult market.
Despite the dissolution of the equity relationship, there should be no major impact on on-going projects between the two companies.
Japanese consumers are highly brand-conscious. If the goal [of Lexus in Japan] is to be a true luxury brand up against European premium brands, it won’t be an easy task.
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