Jim PressEnlarge Photo
concern over energy sources, tight oil supplies, as well as the worries over
global warming will require automakers to work together more closely than ever
before, Toyota Motor North America president Jim Press said during an appearance
"I hope we see the immense value that can come from working together both within our industry and across sectors to solve the challenges of our future that working in harmony with each other is a better solution than going it alone," Press added in a speech on the eve of Chicago Auto Show.
Press declined to talk about any
kind of specific partnerships, involving
"It's kind of like neighbors, who share a lot of the same issues, talking over the backyard fence. Obviously we're open to work with all companies," Press said. "We're always looking for win-win situations," he said.
"We've made some progress both with suppliers and other car companies. The energy debate has really picked up, with momentum in Congress and the White House and momentum from customers," he added.
"It's really beginning to put more pressure on the industry," Press said. "It's time for us try and solve them," he added.
Press also endorsed President George W. Bush's plan to boost CAFE standards. Domestic manufacturers have expressed reservations about the plan, saying they fear it could put them at a disadvantage versus foreign competitors.
Press also told his audience
Localization also helps us to
reduce currency exposure, Press said. "Now contrary to popular opinion, we
prefer to focus on building better cars rather than the currency tables," he
added in an obvious dig at competitors who have complained
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