Toyota: “We want GM to keep going”

Posted: Apr 02, 2009
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Toyota executives said today that they wish the best for General Motors and said that March U.S. sales data show that the American auto industry is approaching recovery.

“We don’t see it as an opportunity,” said Yasuhiko Ichihashi, Toyota’s senior managing director. “We want the American market to return to health.”

Japanese automakers have previously said that the fall of a U.S. auto industry would hurt their business since they share parts suppliers. Many foreign automakers think the collapse of an industry leader like GM would hurt consumer spending causing a further drop in demand.

Ichihashi said that it still might be to early to say that the drop had bottomed out; however, he said that March sales show some hopes of a recovery.

“We hope the American market will recover soon,” Toyota executive Masayuki Nakai said. “We want GM to keep going.”

- By: The Daily Auto Editor

Source: Detroit News

 


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  • zermatt

    “We hope the American market will recover soon,”

    Just like a cat plays with a nearly dead mouse.

  • Ivan Gutierrez

    Yeah even if GM does survive this it's not like people are going to start lining up at their dealerships. I don't think Toyota has anything to fear from GM. Toyota has something that GM desperately needs, and that's good consumer perception.

  • Pat

    They have to… otherwise they will also suffer

  • Bobmarley

    GM is ideal competition for Toyota…but either way Toyota will be fine. GM will have to downsize in either case and it will be a good opportunity for other brands to expand and fill the gap …basically a good example of the free market at work (with exception to the big delay/bailouts/handouts which is simply prolonging the inevitable)

  • mtema99

    but

    is their any problem even politically right now

    to make toyota take GM

  • Bobmarley

    GM is ideal competition for Toyota…but either way Toyota will be fine. GM will have to downsize in either case and it will be a good opportunity for other brands to expand and fill the gap …basically a good example of the free market at work (with exception to the big delay/bailouts/handouts which is simply prolonging the inevitable)

  • mtema99

    but

    is their any problem even politically right now

    to make toyota take GM