Toyota CEO considering helping GM’s restructuring efforts

It was reported yesterday that Toyota is looking to continue its NUMMI partnership with GM at the California plant where both produce the Pontiac Vibe, Toyota Tacoma and Corolla. However, since GM is killing the Pontiac brand by the end of the year, it sees no need to continue its NUMMI partnership with Toyota.

“The Vibe will go down with the phase out of Pontiac so there would be no need for NUMMI,” CEO Fritz Henderson told reporters.

Toyota is now saying that it may consider buying out GM’s stake since its products already account for nearly...
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lexworld - 6/3/2009 11:43:14 AM

+1 Boost

OMARRANA...Gets your facts straight! Toyota & GM joint efforts support only the Pontiac Vibe, not the Tacoma and Corolla. The rest of this info remains to be seen. My better guest would be that Toyota is probably considering owning a few auto suppliers right about now. After all they are the worlds no.1 automaker and the wisest by far.

XYZZ - 6/4/2009 5:07:57 AM

0 Boost

GM is making yet another DUMB DECISION in dumping the Vibe.

before the vibe, gm's corolla/matrix clone was the chevy prizm/nova.

it was acclaimed by mgmt guru tom peters as THE BEST PUT TOGETHER vehicle in the WHOLE gm lineup. less problems/defects than even every caddy and buick gm ever made.

gm managers also learned a number of toyota's secrets from this NUMMI venture. (altho' top brass in detroit mostly IGNORED it for years.)

maybe GM thinks it has nothing MORE to learn from toyota? suuure. how was it a few years ago, despite record sales, gm STILL managed to lose money for the year?

for all the billions in gov't cash transfusions, GM is STILL carrying on as usual, making dumb decisions.