Toyota considers buying GM’s NUMMI stake, Watanabe considering helping GM’s restructuring efforts

Posted: Jun 03, 2009
Filed under: GM, Industry News, Toyota

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 80 percent of NUMMI’s output, reports Automotive News.

Toyota’s spokesman Hideaki Homma said that Toyota hasn’t received a proposal from GM. He said that Watanabe would consider aiding GM in its restructuring efforts; although, Homma didn’t provide any specifics.

- By: Omar Rana

Share |  Email  Print |



  • jared
    Let's all continue to buy mediocre vehicles produced by GM that continues to use cheaper parts and materials to build there cars while they still charge us higher prices saying its due to inflation and product development expenses. I'm a proud American and support American companies where I can, but I cannot justify spending money on another GM when Toyota and Honda are superior in their products and they outlast GM. I just spend 1600 dollars on parts and labor for my 2005 Chevy Colorado with 54,000 miles on it... yeah, not a typo.. 54 K... I had to replace my cheap plastic exhaust manifold that cracked and leaked air into my cylinders. I also had to replace both front axel seals after they popped and leaked my fluid out. Sure they were 60 dollars in parts, but the 4 hr job cost 450 in labor.. Sure extended warranties are a life saver, but I really expect more out of a car company and its cheap parts at 55 K miles on a vehicle.. GM is a joke!
  • GMfan87
    plastic exhaust manifold? do you mean intake manifold? if so those are composites not "cheap plastics". they decrease noise, dissipate heat better, and are lighter than aluminum. i'm not sure how well a plastic exhaust manifold would hold up to 600+ degrees...
  • Eris
    Fritz, if you are reading this, I would have Toyota as a back up than the comi China!When they get there version of a Buick cpy cat as they do with other brands, good by GM!
  • kabluey
    GM could really use someone else's money...
  • Joe Worker
    Headline: "Toyota to buy GM's NUMMI stake"

    Body: "Toyota is now saying that it may consider buying out GM's stake"

    Well, which is it?

    Is Toyota DEFINITELY buying out GM, or is it JUST THINKING ABOUT IT?
blog comments powered by Disqus