When will Toyota buy GM?

Question

Toyota is worth about 10x what GM is worth... what are they waiting for?

They can only make it better, since Detroit has run the American car companies into the ground.... the only place to go is up.

Answer 1

Bill I have to comment on your response that GM quality rivals Toyota.  As an owner of both vehicles I think you must be smoking something.  I talked to someone just yesterday about their Cobalt and it being out of freon at 1 1/2 years.  My 90 Toyota pickup has all the original R12 and my 95 4Runner still has its original R134.  My Chevys have all had their freons replaced along with compressors, seals and evaporators.  Bad grounds, check engine lights, bad sensors, broken exterior door handles, A/C fan switches and cooling fans, the list goes on and on.  My Toyotas are all original and I haven't spent a dime on them except for oil changes, 1 tune up and brakes.  Each are over 150K.  Stop believing their lies.  I hope that Toyota will purchase GM and turn the company around but I doubt it since it would have to eliminate all lines except Chevy and Cadillac. GM needs to get focused.

Answer 2

This Friday. Maybe next Thursday. They're busy.  

Answer 3

I came of age in the business climate of the late 80s. You remember, I'm sure, the headlines about Japan buying the entire West Coast. It was like World War II was happening all over again, and this time, we were just handing over our weapons in the guise of the keys to our most precious homegrown businesses.

Now Nissan and Renault are interested in forming an alliance with the venerable U.S. car manufacturer, General Motors, which could include the purchase of up to 20% of GM's shares. What could be worse than the Japanese buying our car companies? Why, the Japanese and the French (but of course).

Perhaps Toyota will become an unlikely knight, says Business Week -- perhaps even offering to purchase GM. One executive near the transaction says that Toyota "has no interest" in any form of alliance between GM and its rivals. Already GM and Toyota work together in California, where Toyota's Corolla, Matrix and Tacoma are assembled alongside GM's Pontiac Vibe.

We're not afraid of the Japanese any more, it seems. Chairman and CEO Richard Wagoner Jr. might even benefit from a takeover by Toyota -- according to some who are familiar with the Renault-Nissan deal, the plans could include replacing Wagoner with Carlos Ghosn, CEO of Nissan and Renault. Other sources, of course, say that Toyota would be unlikely to do anything so aggressive as a takeover bid. Either way, due to a 90-day timeframe set out in the Renault-Nissan-GM alliance announcement, Toyota will have to make a decision quickly or watch as its biggest competitor squeezes it out of the partnership race.

Answer 4

You’re confused.

United Autoworkers is the reason Detroit is in trouble. Their inflated wages are the problem. Toyota would never want that issue.  All of their American factories are union-free and likely to stay that way. THAT'S the big difference.

Get rid of UAW, and the big three will have no problem rebounding. There's nothign Toyota or anyone else can do to correct the issue. UAW needs to do what's right and disappear.

Answer 5

I am guessing that you are only a consumer, because anyone that works in the automotive industry knows that American cars are much improved over the last 10 years.  GM will never be bought by Toyota.  The shareholders would never approve it.  

Answer 6

knowing TOYOTA from the inside, I would say, ...NEVER!!, Toyota would never buy GM, not because it is on the ground, but because of respect to GM and to the american people. Sure they would make GM get to where it belongs and where it was like ... a thousand years ago, but that will not happen. I guess if Toyota does something, it will be just help GM to get better, may be even infuse some money on it, and they will give and teach with open arms their TPS (toyota production system), it is up to GM and America if they take advantage of it or if keep thinking (as Iacoca once said) "it is all japan's fault..."

Answer 7

it, the GM got Toyota parts many years. Vibe, yes. Geo, yes. Part man say no? Part man wrong. Toyota name on my car parts GM logo.