Toyota’s Chrylo trucks have been popular with customers since the beginning of the year, and a recent report suggests a new generation of the cars could see a new wave of demand.
Toyota Australia boss Mark Gower says a new model could see the sales of the Toyota Chroli expand.
The Chryli have had some tough times in the past few years, particularly during the financial crisis, but Gower is optimistic about the future.
“Toyota has been a leader in the industry for many years and it’s going to continue to grow in that space,” Gower said.
He says there’s also a market for a smaller, more compact Chryline. “
There are still a number of opportunities for us to be in the market.”
He says there’s also a market for a smaller, more compact Chryline.
“We’re not going to be able to match what the Ford is doing with the Chrylians, but we are certainly looking at those opportunities.”
He also said he’s keen to expand the Chrolis into Australia.
“The opportunity there is just huge,” he said.
“[We have] the opportunity to do the right thing and be a part of this growth.”
The company’s new Chrylis are expected to arrive in the US in the fourth quarter of 2019.
They’re expected to be sold in Australia in 2020.
Toyota also revealed that the Chrysler XC90 will be phased out over the next four years.
The carmaker has announced it will phase out its iconic XC-90 model and convert its XC70 crossover into a luxury SUV.
“These are two of the most iconic vehicles in the world,” Gowers said.
The Toyota Chrysli will be available in the U.S. in 2020, but the company is expected to introduce its first vehicles in Europe in 2021.
The Australian Chrylos have had tough times recently, with the company reporting a loss of $7.7 billion for the first half of 2019, which was down from a loss per share of $15.5 billion a year ago.
Toyota’s stock fell by more than 5 per cent to $31.95 by 11:45 a.m. on Thursday, but has recovered in the last two trading sessions.
Toyota is also facing a class action lawsuit from former workers who say the company didn’t compensate them properly.