He’s spewing Toyota bullshit. No way Toyota would shit their own brand. They’ve under invested in EV so their only card is to over invest in hybrids to delay the inevitable EV transition. They don’t have enough battery factories and they have too many supplier and not enough vertical integration. China is supposed to be a big market for them, but BYD and Tesla are just killing it there. VW is in a similar boat, any market where BYD/Tesla can enter, the legacy automakers are losing market share fast.