He’s sort of right about this. Toyota has probably seen its best days, but not because of some great resurgence of GM and Chrysler.
The first thing is that Toyota grew too fast, and its quality, which was never as great as some claimed, is beginning to deteriorate.
Secondly, he’s right about Toyota’s product line. It’s boring, and is being surpassed by everyone else.
The third thing is the elephant in the room that he did not mention: Hyundai. Over the next decade, this is going to be the big challenge for Toyota. Hyundai is going to try to displace them entirely, and they already have comparable quality, and a much better product mix. Toyota doesn’t offer anything like the Genesis, and Hyundai is doing a great marketing job with that car.
Good comments, thanks for the feedback.