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Overall U.S. sales have gradually recovered from the financial crisis last year, but fears linger about another decline amid high unemployment. In China, Toyota's sales, now at about 700,000 vehicles a year, have been growing. Toyota still trails Volkswagen AG of Germany and U.S. automaker General Motors Corp. in Chinese market share. Funo said Toyota was comfortable with its No. 3 position. "I don't think we should go after quick numbers," he said, adding Toyota needs to do more charity and other work to contribute to Chinese society to win acceptance there. It has taken Toyota 50 years to win acceptance in the U.S., where it is now No. 2 after GM, said Funo, who has worked in the U.S. "It took 50 years of history for us to blend into the community," he said. China's auto market has exceeded the U.S. as the world's largest in sales so far this year. Toyota is expecting a 200 billion yen ($2.27 billion) loss for the fiscal year through March 2010, its second straight year of red ink. Toyota has repeatedly said it wants to avoid a third year of losses.
[Associated
Press;
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