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Honda bases very few of there decisions on what Toyota does.
I believe that is because you are looking only at one market (North America). Honda certainly reacts to what Toyota does, and vice versa. In the Japanese market, where Toyota has over 40% market share versus Honda's 12% or so, Honda MUST respond to what Toyota does, or they get wiped out. By the way, Toyota responds to Honda all the time as well. The pattern typically is: Honda comes up with a product. Toyota responds and kills it. Honda then responds to Toyota to counter that. The battle of Honda Stream and Toyota WISH in the microvan category is clear evidence of this relationship.
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