That doesn't actually fix it. CEOs already want to sell more stuff.
When you have a large vertically integrated bureaucracy, the integration ossifies. Your cars are heavy so they need big engines and use a lot of fuel. Your big engines wouldn't fit in a smaller car. A smaller engine wouldn't be powerful enough to accelerate your heavy cars. So if gas prices suddenly go up, you have to throw everything out and start over from scratch.
Which you can't do overnight, even if someone is threatening to put you in jail. So now Toyota is bigger than Ford, GM and Chrysler put together.
Korea used an alternate approach where the country was run by a dictator who put the CEOs in prison if they didn't export enough.
Now that's industrial policy!