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Toyota sees slower U.S. industry growth next year, Reuters reports

Toyota North American CEO Jim Lentz says the U.S. automotive industry will slow in 2014 as fewer buyers replace aging vehicles and growth drops to half this year's rate, reports Reuters. While U.S. industry sales are expected to grow by 1M vehicles to 15.5M this year, Lentz expects the 2014 total to be closer to 16M.