UPDATE 1-Aging vehicles leave Toyota North America chief optimistic on new sales

Newswire

By Ben Klayman NEW YORK, March 28 - Toyota Motor Corp's top North American executive voiced optimism on Thursday about the U.S. economy and said demand in the industry this year would be driven by the need for consumers to replace aging cars and trucks. Jim Lentz, newly appointed chief executive of North America, said the Japanese automaker sees U.S. industry new-car sales hitting 15.3 million this year, up from 14.5 million in 2012. Just six ...

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