Biz: Honda’s CFO: Toyota’s problems are the auto industry’s problems
- I think we should see this Toyota problem from a broader viewpoint. If customers start to harbor doubts about [quality and safety], that would be problem for the whole industry.
- Honda CFO Yoichi Hojo • Regarding the danger the Toyota recalls pose for the auto industry as a whole. He notes that, for this reason, his company isn’t offering incentives to Toyota customers who trade in their cars, like GM and Ford are. He sees that policy as just a little foolish. Wonder why. source