TRAVERSE CITY, Mich. -- Gas prices could rise to $5.00 per gallon in the U.S. by the middle of the next decade, the Toyota division general manager for Toyota Motor Sales U.S.A. told reporters here on Thursday, Aug. 14.
Bob Carter said Toyotas plans use $3.50 per gallon as the floor for gas prices in the U.S.
In a panel discussion at the Management Briefing Seminars, Carter also said that Toyota hasnt been as open and as communicative as we perhaps should have been with suppliers. But, he said, Toyota is now trying to open itself up. He encouraged suppliers who havent been able to win business with Toyota to keep trying.
If you havent been successful in the past, please try us again, he said. Were very open, were looking for ideas and we can put you in contact with the right people.