: (As expected)... Toyota/GM Strengthen Partnerships

05-16-05, 12:15 AM

This relates primarily to environmentally friendly programs and Hybrid vehicles, but its the road to further cozy relations for sure...

05-16-05, 05:23 AM
"Saddled with huge health care and pension liabilities, GM lost US$1.1 billion in the first quarter. Its bonds were recently downgraded to junk status and its stock hit a 10-year low in April.

Toyota reported US$2.8 billion in profit in the same quarter and commands an edge in the market for environmentally friendly hybrid vehicles, which run on a combination of electricity and gasoline."

So why exactly would Toyota want a closer partnership with GM, except to save some short-term research costs? In long term, Toyota really doesn't need GM for anything.