UMW Toyota will increase the prices of all its Toyota and Lexus vehicles by 4% to 16% effective January next year due to the weaker ringgit.
A bet by Japanese auto makers that Americans still want sedans is turning out to be expensive.
April sales in the US from Japan’s big three auto makers – Toyota Motor Corp, Nissan Motor Co and Honda Motor Co – were down, with Nissan suffering a double-digit drop.
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