• Oct 29, 2008
Click above to enlarge the Creation of Wagoner from our friends at Motive

According to a report by Japan's Kyodo News, General Motors' chief executive and chairman Rick Wagoner is considering visiting Toyota in Japan to discuss a myriad of issues, ranging from funding to parts sharing.

In typical fashion (of late), the story cites unnamed sources saying Toyota is "expected to consider quick fixes for the cash-strapped GM, including buying up its assets and helping secure sufficient business funds." The talks are also said to include a partnership that would license Toyota's hybrid technology for use in GM products, along with ToMoCo building fuel-efficient, compact cars for the General.

We're suitably skeptical about any kind of partnership between the world's two automotive giants, particular since no one from Toyota or GM was willing to comment for the story. More to come... or not. Watch this space.

[Source: Reuters]


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    • 1 Second Ago
  • 27 Comments
      • 6 Years Ago
      "We're suitably skeptical about any kind of partnership between the world's two automotive giants..."

      Ummm - Toyota Matrix/Pontiac Matrix? Cavaliers being badged as Toyotas and sold in Japan? This wouldn't be the first collaboration between Toyota and GM, granted something on a bigger scale could be coming.
      • 6 Years Ago
      I saw the car in the photo and immediately thought that autoblog has taken after ford venezuela...
      • 6 Years Ago
      It seems like GM is incredibly desparate, they're probably exploring every action before they are either bailed out or go bankrupt. Toyota probably wouldn't give them anything which they could make money off of. It might hold them over and be no more extensive than NUMMI. The market for new cars is down right now for everyone and together with the fact that they really only have one mainstream car (mailbu) of decent quality. They are screwed. They have tons of other decent product (silverado, corvette, cts) but they don't have good small cars on the market now, which is what the regular consumer is buying. I hope they make it thur, because if they don't a lot of people are going to lose good jobs.
      • 6 Years Ago
      I'm willing to bet that in the next few weeks we'll see GM, Chrysler, Toyota, and Renault-Nissan all merge into one super-automaker, then all split up again just for the hell of it.

      Or that's what it's looking like, anyway.

      But seriously, is GM really that desperate? Throwing away all the advancements in hybrid technology they've spent so much money on to just go ahead and buy Toyota's? Granted, Toyota's green tech (and reputation) is superior at this point, but why wouldn't the General just focus on its Volt and extend that technology to all its other products? GM would probably get more out of further developing its current technology to the point where OTHER automakers would want to buy it from them - not the other way around.

      Just my two cents, and feel free to disagree with me. I know the times are hard, but this seems to be backwards thinking to me.
        • 6 Years Ago
        "I'm willing to bet that in the next few weeks we'll see GM, Chrysler, Toyota, and Renault-Nissan all merge into one super-automaker, then all split up again just for the hell of it."

        I want to see this happen, just so I can laugh at all parties afterward.

        Ford would kick all their asses if that would happen.
      • 6 Years Ago
      Why would it be in Toyota's interest to "consider quick fixes for the cash-strapped GM"? I'd think what was bad for GM would be good for Toyota, because they'd be well positioned to pick up any sales GM lost.

      The two do already cooperate on the NUMMI plant in California, where Corollas and Vibes are made, so there is some past between the two.
        • 6 Years Ago
        GM and Toyota share a lot of suppliers in the US, these suppliers depend more on GM for business than Toyota, if GM falls they fall (or jack prices so they don't fall) thus causing problems for Toyota
        • 6 Years Ago
        Toyota gets blamed if GM goes bankrupt.

        It is in Toyota's interest to keep GM alive to continue doing business as is in the US.
      • 6 Years Ago
      Toyota's motivation is to head-off the punitive legislative retaliatory measures a GM bankruptcy is sure to bring.

      The Reagan administration embargoed Japanese imports so the Detroit-3 could catch up. Instead of improving their products domestic automakers increased prices and executive bonuses and continued to grind out the same old crap. Now look at the fix they're in!
      • 6 Years Ago
      This could be interesting...
      • 6 Years Ago
      Brilliant picture. 'Nuff said.
      • 6 Years Ago
      Is that a small hummer in Wagoners lap?

      GM & Toyota have had some joint partnership since the Geo brand came and went.
      • 6 Years Ago
      NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO.......
      • 6 Years Ago
      "GM products, along with ToMoCo building fuel-efficient, compact cars for the General."
      This isn't Chrysler we are talking about. GM can make fuel efficient cars.
      • 6 Years Ago
      Good move. GM needs to swallow some price and get some major consulting from the Japanese. If Porsche didn't ask for help from the Japanese in the 90's ("JIT process") it would've been all over them to.
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