- Oct 29, 2008
GM CEO heading to Japan to talk with Toyota, expanding business partnership
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.