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Toyota China Sales May Rise 5-8% in 2013, Siebert Says

Jochen Siebert, Shanghai-based managing director at JSC Automotive Consulting, talks about Toyota Motor Corp. (7203)'s business outlook in China.

Toyota pushed back plans to make China its third million-unit market until after this year as Asia’s biggest carmaker waits for anti-Japan sentiment to subside and demand to return to normal. Sales in December dropped 16 percent to 90,800, the sixth straight monthly decline, the company said in a text message yesterday. Siebert speaks with Rishaad Salamat on Bloomberg Television's "On the Move." (Source: Bloomberg)

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