Toyota roots for GM, hopes for recovery

http://www.detroitnews.com/article/...a+roots+for+GM++hopes+for+U.S.+sales+recovery

 

I have a feeling though, that if the shoe were on the other foot, GM would be laughing and salavating at the thought of Toyota's demise.
I do commend Toyota for taking the high road and at least APPEARING, to not be pleased to see a competitor struggling.

 

Such as? I was aware that the Matrix uses Delco radios, but I wasnt aware that they used, "many" GM parts.
The last thing I want to see is a lot of Delco parts on a Toyota....

 

Vibe is based off the Corolla. Toyota initially climbed into bed with GM to avoid trade tariffs imposed on import pick-up trucks. There is a bit of reading but it explains why each have an interest in each others survival. So even as of today, It looks like GM has a bit of a hand in the making of YOUR Tacoma. Go ahead, Jump....I'll be at the bottom waiting to get your wallet.


Source: Automotive News Data Center

Nummi* Production: 01/01/06 - 09/29/06

Pontiac Vibe: 47,134
Toyota Corolla: 150,036
Toyota Tacoma: 133,565

Total NUMMI: 330,735

GM and Toyota each own 50% of NUMMI.

GM sells 14.3% of the output.

Toyota sells 85.7% of the output.


BACKGROUND INFORMATION
Most of the time since its founding in 1908, General Motors (GM for short) has been
the largest automaker in the United States. Initially famous for its line of trucks, by 1955,
it was the first corporation to earn over a billion dollars a year. Since then, it has held its
position as the leader of what’s known as the “Big Three” American car companies
(the other two being Ford and DaimlerChrysler).
However, in recent years, GM has been squeezed by foreign companies that have won
a larger share of the US auto market. The resulting drop in its North American sales
accounted for a large part of GM $10.6 billion dollar loss in 2005. By contrast, Toyota’s
operating profits actually improved in its corresponding period, rising 14% to $4.1 billion
dollars (partially due to the weakening of the value of the yen against the dollar). Many
of GM’s domestic sales problems are attributed to its failure to foresee the drop in
demand for gas-guzzling SUVs, a slow entry into the hybrid car market, as well as the
reputation for higher quality earned by Toyota products.
Ironically, Toyota got its first foothold in the US through a joint venture known as “NUMMI”
with GM to build Toyota products in California. The joint venture began in 1984 when the US
created an import tariff on foreign pickup trucks. The joint venture with GM allowed Toyota
to avoid the tariff and build up a base in the U.S. NUMMI is still an active venture that
currently produces the Toyota Tacoma, Toyota Corolla and the Pontiac Vibe lines of vehicles.
However, Toyota now assembles cars on its own in the U.S. at plants of its own in Kentucky,
Indiana, and Texas. Some parts for the cars, such as engines, are manufactured in Toyota
plants in Alabama, West Virginia and Long Beach, California.
Additionally, because of a decreasing market for its products in Japan, Toyota has also
announced that it has plans to boost its sales in China in 2006, one of GM’s major foreign
markets. In fact, GM sales in China hit new records last year, with the company selling
665,390 vehicles there, a figure that was up 35.2% from the previous year. Toyota plans
to overtake GM’s by increasing its own sales in the country by 60%. It also says it will
surpass its rival in global production this year with 9.2 million vehicles (GM produced a
total of 9.12 million vehicles worldwide in 2005).
GM also is at a disadvantage to Toyota because of a significant difference in its cost of
manufacturing each car (almost $2300 more compared to Toyota). The company has
been trying to solve these issues by reaching a deal with the United Auto Workers
union to lower health insurance costs for U.S. workers and imposing 900 million dollars
worth of cuts on its non-unionized workers. GM has also announced plans to reduce its
U.S. production, threatening its position as the world’s largest employer, with over
340,000 employees.

 

X2

 

NUMI is one of the most successfull auto plants out there. GM and Toyota have been partners in many vehicles. Geo Prizim, Vibe, etc. Saturn uses a Honda engine in some of it's SUV's. Toyota is supplied by some of the same suppliers for GM. IF GM fails then the parts suppliers will hurt. Toyota really has a smart business model from top to bottom.

 

Funny thing about how little you read about that or that VW vans are made by Chrysler for the most part
or Dodge brakes are made by GM
on and on it goes if one looks close

 

Irony. GM and Ford are offering special incentives to trade in your Toyota. I'm pretty sure people loyaly drive Toyotas because GM and Ford are absolute garbage (owned both). Also find it hilarious that they use the blanket term of "buy American".....anyone checked their door plaque on their Tacomas for assembly location?
To be blunt. These companies are going to rape in the resell of your Toyota because it's just that... a Toyota, on top of being a used car sold through a dealership. Dealers dont make squat on new sold units let alone thier own line as a used car since none hold value like a Toyota. Silly.

check it --> http://www.egmcartech.com/2010/01/2...ash-to-toyota-lexus-scion-honda-acura-owners/

 

my '95 T-100 had a GM radiator.(that failed) The truck was manufactured in Japan.

i bet the damned heater fan motor in my new truck says Delco on it somewhere lol

 

Yep, not too funny that the things that failed on my old gas miser Geo Prism (toyota corrola) were all AC delco parts.

 

action speaks louder than words. In this case, these are only words