General Motors Co. is poised to regain momentum as Toyota Motor Corp. suffers permanent damage to its reputation from worldwide recalls of more than 8 million vehicles, GM Vice Chairman Bob Lutz said. “We are well ahead of plan and growingly so,” Lutz, 78, said today in an interview at the New York auto show. “Toyota’s God-like status will never be reclaimed.”
GM and Toyota both said they will report U.S. sales gains tomorrow for March, when they boosted customer incentives. Toyota’s U.S. sales, including its Lexus and Scion brands, fell 12 percent through February after recalls to fix defects linked to unintended acceleration. GM’s sales rose 13 percent.
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