The possibility of a merger, or at least an alliance, between General Motors and Renault/Nissan has opened speculation to other combinations. Levin's opinion of a GM/Toyota combo, while improbable, may just be the wild card GM CEO Wagoner needs to ward off a more probable GM/Renault/Nissan three-way.
Levin points to several realistic advantages of such an alliance. GM and Toyota already have a cordial relationship. Toyota purchasing 15- to 20-percent stake of GM interest would be inexpensive for the world's second largest automaker and small enough so that it wouldn't be responsible for GM's legacy costs or attract anti-trust interest. More importantly, such a purchase would block an alliance with Nissan/Renault.

Levin goes on to discuss further advantages for both automakers, but we have a hard enough time imagining an alliance between GM and Nissan/Renault. Our brains hurt trying to imagine the mega corporation that would be comprised of GM and Toyota.

[Source: Bloomberg]

Toyota buys GM and other improbables

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