Toyota is no longer taking any steps to remove its Tacoma truck from the market, CEO Carlos Ghosn told Recode’s Kara Swisher during the company’s third quarter earnings call on Thursday.
The truckmaker is not planning any new production in the U.S. in the coming years, as a result of a new safety regulation passed by Congress in 2016.
Rather, the company plans to keep the Tacoma on sale, Ghosna said.
“We don’t have any plans to make any changes at this point,” he said.
The company is still making truck models in Japan, but those will not be the same as the Tacoma.
The Toyota Tacoma has always been a popular pickup.
It has a good track record, but its performance was often limited by its size.
Ghosnn said the truck will remain a good pickup, especially with the advent of autonomous driving, and he was confident it will be available for some time.
Ghossn also said Toyota’s decision not to sell the truck in the United States is not due to any regulatory restrictions.
Instead, it is based on Toyota’s long-standing belief that the U,S.
market is not a good fit for a large-capacity pickup.
The biggest challenge the company faces is how to compete with electric-powered SUVs, which are gaining popularity in the states.
The Tacoma will likely remain on the road for a while.
Ghozns response to questions about the company moving forward with a new model was less than definitive.
“There are a lot of things that we need to be aware of with respect to the U.,S.
model that are not in our current plans,” he told Swisher.
“But I would say that the current plan is for us to continue to invest in the truck.
That is not an option, that is not the decision that we are making at this time.”
He added that the company does not plan to sell Tacoma pickup models in the next several years.
“The fact that we do not have a new pickup in the market does not mean that we will not have an option for a new truck.
We are committed to delivering on our promise to deliver a new Tacoma pickup to our U.s. customers,” he continued.
Ghoshn’s comments on the U.-S.
pickup debate came after the company announced it is making the Tacoma an “exclusive U.a. model.”
This means that it will sell only in the country.
Toyota did not disclose how much the truck cost, but it did say that it is offering the vehicle at a reduced price.
The “exclusive” designation comes with a $5,000 discount, which will apply to customers who purchase the truck with a Toyota U. S. registration.
“If you live in the continental U. s., you can drive it,” Ghosni said.
Ghosont said that Toyota is working on adding a third-row bed to the truck, as well as some other small improvements.
He said that the first-generation Tacoma will be ready in 2019.
The new pickup, which is powered by a Toyota 2.0-liter four-cylinder engine, will be priced at $32,200, and it will feature a 7.0 litre EcoBoost engine, a 5-speed automatic transmission and a 7-inch touchscreen.
Ghosen said that a first-gen Tacoma will not start shipping until late 2019.
“As you know, the first Tacoma has a long history,” Ghosenn said.
He also reiterated that the Tacoma will have a more powerful 4.6-liter engine.
“With the engine, it will have more torque and more performance,” he added.
“This is a first step toward the next generation of our Tacoma pickup.”
The new truck is expected to start arriving on the market sometime in 2019, with pricing starting at $35,000.
Ghomesn said the company expects to sell 1,000 Tacoma pickup units per year through 2021.