The luxury brand has been cast in a starring role in Toyota Motor’s $70 billion investment. As part of the plan for Lexus dealers to serve customers and alleviate any range anxiety, gasoline-electric and plug-in hybrids will have a key role.
The company expects to fall “a few hundred vehicles short” of its goal to make 1,200 this year. CEO RJ Scaringe told analysts that ramping up production rates has been harder than anticipated.
Toyota said it will allow other automakers to lease property and construct buildings on the site to allow them access to its 77 miles of test roads.
This is no ordinary executive departure. Ammann played many key roles at GM over the last several years.
Dealership buy-sell experts expect 2021 to be a record year for completed transactions, but also anticipate 2022’s deal pace will remain strong.