Why Toyota's Plano-based CEO Says You Could Soon Pay as Much as $400 More for a Car

Steep new tariffs on steel and aluminum could add hundreds of dollars to the price of new cars -- even if they aren’t made with imported metals, Toyota’s Plano-based North America CEO said in an interview with The Dallas Morning News.“On the low end it’s about $130 a car and on the high end, as high as $400,” Jim Lentz said recently, speaking from the New York Auto Show, where he and other Toyota execs were showing off a slate of revamped cars, including its sales-leading RAV4.  Continue reading...

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