is the president and ceo of toyota north america. toyota's -- the ceo of toyota north america here of the auto show. thank you for joining us. for a long time it was kind of a i'm assuming the crown is not only yours but solidly placed on your head after the emissions scandal. we won't have our final numbers for a couple of weeks. i think we will have the crowd but we will have ourselves on the back for five minutes. >> you know the u.s. sales numbers, another record year for you. of tailwinds with low gas prices, falling unemployment, and more fuel-efficient vehicles. do you expect another record for 2016? >> i think overall industry is going to be up. 7.5 million this last year. toyota is going to be very similar. i think you are going to have some drag as well. a lot of cars cutting off the marketplace. that is going to compete with some of the new car sales. bit of an uptake in interest rates that may tamper down the market a little bit. we think the market is going to be strong, but not that much growth. luxury will continue to b

once again to detroit to the auto show there where our phil lebeau is joined by the ceo of toyota north america. phil? >> thank you, tyler. i am joined by jim lenz, ceo of toyota north america. i just asked our producer what is the price of oil? she said are you kidding me, i don't know, but we just found out it's under $31 a barrel. most people might be cheering that from an auto perspective. this concerns you as it continues plummeting, doesn't it? >> i think it's a concern because we have to forecast what it's going to be to decide between our car and truck mix. right now the assumption is it stays low, maisch not that low, for some time to come. if we have a sudden change in price based on something that could happen in the middle east, it totally changes our production plans. >> the knee-jerk reaction, that's what worries you. >> the knee-jerk reaction is what worries me. >> because you can't turn on a dime? >> it would take us probably six months to turn around. we'd be okay because we've got this big portfolio of products, cars, trucks, suvs, so we would be okay, but it still takes some

and toyota north america ceo is also joining us. that automaker profiting from vw's emission scandal? also, hyundai america ceo. how they plan on take on the luxury market. over to you for a news alert. we'll see you at the top of the hour. >> call your attention to what's happening now with med tronic. the shares did halt at one point, reopened now, down about .75%. after they updated their guidance. they upped the lower end of their previous earnings per share guidance range. they said they're going to return about $5 billion in share buybacks. between, they're opening she share buybacks. also narrowing the range for their earnings per share. they're raising the lower end of their previous guidance. back over to you guys. >> two things you think would be positive but not having -- >> yeah, the reaction's not really there. >> maybe buy backs don't have as much juice as they did. >> i would look at this positively. first, the stock has performed well. it's not that far off the 52-week highs. i would look at this stock and say, look,

toyota is the world's bestselling automaker for the fourth straight year. the company sold more than 10 million vehicles globally in 2015. more than number two, volkswagon, and number three, general motors. strong demand in north america helped toyota sales while volkswagon was hurt by its emission-cheating scandal. together, toyota, volkswagon and gm account for roughly a third of all worldwide sales. >>> fiat chrysler issuing a strong sales forecast for its jeep brand. the automaker says sales will nearly double to 2 million worldwide by 2018. the company cites low gas prices for the upbeat outlook and says it believes low prices will be permanent in the u.s. and more customers will gravitate to suvs as a result. >>> as we reported a little earlier in the program, boeing shares had a tough day following its earnings report but the company is also quietly working on a project like nothing it's ever done before. it is building the world's most powerful rocket. jane wells has the story from new orleans. >> reporter: 2016 is big for space. blue origin, a company owned by billionaire jeff bezos, just landed the same rocket a second time. billionaire elon musk almost succeeded in landing one of his space x rockets on a fl

the vicelobenstein, president of connected services and product planning at toyota motor north america. o'connell, vice president at tesla motors incorporated. garfield at the industry and technology information council. miss khaliah barnes, the associate director at the electronic privacy information center. so, welcome to all of our witnesses. -- iht tell you in advance will swear you in in just a second -- we also try to get you the verbal statement before the committee to five minutes. chair --sk to the through the chair to have additional information put into the record. with that, we are investigating an oversight committee and subcommittees of congress. could you please stand and i will swear you in. raise your right hand. do you solemnly swear that the testimony you are about to give before the joint subcommittee meeting of congress is the whole truth and nothing but the truth? let the record reflect that all of the witnesses answered in the affirmative. thank you. be seated. we will go right to our witnesses. let me start first with mr. beuse. the associate administrator at th

sandy lobenstein, he is the vice president of connected services and product planning at toyota motor north america. normand o'connell. the presidenteld, and ceo of the information technology industry council. barnesnally, ms. kelly a -- khaliah barnes, associate director at the electronic privacy information center. thatht tell you in advance we will try to get you to limit your statement, your verbal statement before the committee, to five minutes. to can ask through the chair have additional information or data put into the record. with that, we are an investigative and oversight committee and subcommittees of congress. if you would please stand and i will swear you in. raise your right hand. do you solemnly swear or affirm that the testimony you are about to give before this joint subcommittee meeting of congress is the whole truth and nothing but the truth? let the record reflect that although witnesses answered in the affirmative. thank you. be seated. ok. we will go right to our witnesses. be me start first with mr. use. thank you for your cooperation today. he is the administrator of the ve