Toyota Says Won't Bar GM, Renault-Nissan Union

adplusone · 07-20-2006, 08:18 AM

Toyota Won't Bar GM, Renault-Nissan Union
By YURI KAGEYAMA (AP Business Writer)
From Associated Press
July 20, 2006 6:13 AM EDT

TOKYO - Toyota has no interest in blocking or joining the proposed tie-up between General Motors and the Renault-Nissan alliance, the Japanese automaker's president said Thursday.

The remarks from Toyota Motor Corp. President Katsuaki Watanabe come at a time when U.S. automaker General Motors Corp. is in talks about a possible partnership with an alliance between Renault SA of France and Nissan Motor Co.

Speculation has been growing that Toyota may be considering proposing to General Motors, the world's biggest automaker, an alternative option for a tie-up, perhaps to block Japanese rival Nissan's growth ambitions.

Watanabe said he didn't want to comment about talks among other automakers but denied Toyota was interested in joining the proposed mega-alliance.

"We are not thinking about participating," he told reporters at a Tokyo hotel when asked about whether Toyota may either join or block the talks among GM, Renault and Nissan.

Watanabe also bowed in apology at the news conference to express regrets - but not acknowledging wrongdoing - for causing troubles due to a criminal investigation linked to a recall case in 2004.

"I take this seriously and see it as a crisis," he said. "I want to apologize deeply for the troubles we have caused."

Prosecutors are investigating whether Toyota intentionally hid defects
that may have caused a head-on collision in 2004 that injured five people.

(story continues at link)

http://my.earthlink.net/article/bus?...60720944678847

kenman923 · 07-20-2006, 08:37 AM

That's good news for GM. Apparently, Toyota has their own problems they need to address.

Aromanances · 07-20-2006, 08:56 AM

Thank you so much Toyoty, We really owe you one. you guys are great ,Thank you - Thank you!!

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VibenPontiac · 07-20-2006, 09:15 AM

Toyota just can't stop the arrogance can they.

New_Mexico_Sunset_on_Rt66 · 07-20-2006, 10:10 AM

Quote:

Originally Posted by adplusone

Watanabe also bowed in apology at the news conference to express regrets - but not acknowledging wrongdoing - for causing troubles due to a criminal investigation linked to a recall case in 2004.

Gee, thanks. But let's see 'Dateline' go after this story. I haven't seen anything in the press about this. This is a major story.

LAMRONH · 07-20-2006, 10:22 AM

Thanks you, massah, thanks you!

You so good to po ol' mistah Rick!

johnny smallblock · 07-20-2006, 10:45 AM

I don't see Toyota being obnoxious about this. Frankly, I think they're hoping the merger goes through; it would mess up GM for years.

That line about Toyota being concerned about Nissan's hopes for major growth is down right laughable. Toyota has about as much to fear from Nissan as they do from Fiat.

IROCNROL1 · 07-20-2006, 10:59 AM

Now that GM has Toyota's permission, they should just say no.

mjd1001 · 07-20-2006, 11:30 AM

Quote:

Originally Posted by VibenPontiac

Toyota just can't stop the arrogance can they.

I dont' see how its arrogance on Toyota's part. The press and/or investors, I'm pretty sure, are the ones that first came up with the idea that Toyota may want to block the GM/Nissan move. Toyota is only responding to questions about it.

While I understand the crack-down on these boards on users who bash GM and use the forums to do nothing but praise toyota and Honda.....I wish these boards were more for news and comments about GM, not about simply bashing Toyota and Honda and the other competitors for any reason (and in many cases, for no reason) at all.

genjy · 07-20-2006, 03:18 PM

Quote:

Originally Posted by VibenPontiac

Toyota just can't stop the arrogance can they.

Are you like a jealous kind of guy who thinks whomever your ex-girlfriend is dating is a jerk no matter what he says or what he does? Because it seems you (and a lot of other people) have that kind of psycho attitude towards Toyota.

guitarlix · 07-20-2006, 04:18 PM

I fail to see the arrogance.

**ChevroletRevived** · 07-20-2006, 06:05 PM

Great news. We don't want you Toyota! How do you like that?

griswold44 · 07-20-2006, 06:32 PM

Quote:

Originally Posted by ChevroletRevived

Great news. We don't want you Toyota! How do you like that?

I'm sure Jim Press is crying by his toilet right now.

Vintalage · 07-20-2006, 06:39 PM

Quote:

Originally Posted by ChevroletRevived

Great news. We don't want you Toyota! How do you like that?

Now that's arrogance and ignorance. Good job.

mystikranger · 07-20-2006, 06:41 PM

Toyota would have just brought GM down with it. GM dosent need that extra burden. We're already on the rise.

07-20-2006, 08:18 AM	#1 (permalink)
adplusone 3.8 Liter Supercharged V6 Join Date: Oct 2005 Location: Texas Drives: Long Time Chevy Driver Posts: 667	Toyota Says Won't Bar GM, Renault-Nissan Union Toyota Won't Bar GM, Renault-Nissan Union By YURI KAGEYAMA (AP Business Writer) From Associated Press July 20, 2006 6:13 AM EDT TOKYO - Toyota has no interest in blocking or joining the proposed tie-up between General Motors and the Renault-Nissan alliance, the Japanese automaker's president said Thursday. The remarks from Toyota Motor Corp. President Katsuaki Watanabe come at a time when U.S. automaker General Motors Corp. is in talks about a possible partnership with an alliance between Renault SA of France and Nissan Motor Co. Speculation has been growing that Toyota may be considering proposing to General Motors, the world's biggest automaker, an alternative option for a tie-up, perhaps to block Japanese rival Nissan's growth ambitions. Watanabe said he didn't want to comment about talks among other automakers but denied Toyota was interested in joining the proposed mega-alliance. "We are not thinking about participating," he told reporters at a Tokyo hotel when asked about whether Toyota may either join or block the talks among GM, Renault and Nissan. Watanabe also bowed in apology at the news conference to express regrets - but not acknowledging wrongdoing - for causing troubles due to a criminal investigation linked to a recall case in 2004. "I take this seriously and see it as a crisis," he said. "I want to apologize deeply for the troubles we have caused." Prosecutors are investigating whether Toyota intentionally hid defects that may have caused a head-on collision in 2004 that injured five people. (story continues at link) http://my.earthlink.net/article/bus?...60720944678847 __________________ Long time Chevy driver. Viva Tejas!

07-20-2006, 08:37 AM	#2 (permalink)
kenman923 6.2 Liter Vortec V8 Join Date: Feb 2005 Drives: 2009 Acura TSX Posts: 2,632	Re: Toyota Says Won't Bar GM, Renault-Nissan Union That's good news for GM. Apparently, Toyota has their own problems they need to address. __________________ Current: 2009 Acura TSX Gone but not forgotten: 2001 Saturn L300 1993 Saturn SL2 1986 Nissan Sentra

07-20-2006, 08:56 AM	#3 (permalink)
Aromanances 3.8 Liter V6 Join Date: Mar 2006 Posts: 341	Re: Toyota Says Won't Bar GM, Renault-Nissan Union Thank you so much Toyoty, We really owe you one. you guys are great ,Thank you - Thank you!! </IMG>

07-20-2006, 09:15 AM	#4 (permalink)
VibenPontiac 3.6 Liter V6 Join Date: Jan 2005 Location: Atlanta Posts: 1,109	Re: Toyota Says Won't Bar GM, Renault-Nissan Union Toyota just can't stop the arrogance can they. __________________ "Whenever I’m suffering from Insomnia, I just look at a picture of a Toyota Camry and I’m straight off.." "This is a Renault Espace, probably the best of the people carriers. Not that that's much to shout about. That's like saying 'Oh good, I've got syphilis, the best of the sexually transmitted diseases!" www.dickipedia.org

07-20-2006, 10:22 AM	#6 (permalink)
LAMRONH 7.0 Liter LS7 V8 Join Date: Nov 2004 Location: Caveville, Neanderthallande Drives: 2007 black KIA Spectra EX. Have club, will travel. Posts: 8,947	Re: Toyota Says Won't Bar GM, Renault-Nissan Union Thanks you, massah, thanks you! You so good to po ol' mistah Rick! __________________ The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced, if the nation doesn't want to go bankrupt. People must again learn to work, instead of living on public assistance. Cicero (106 BC - 43 BC), 55 BC

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07-20-2006, 10:59 AM	#8 (permalink)
IROCNROL1 4.4 Liter Supercharged Northstar Join Date: Feb 2006 Location: Fairfax, Iowa Posts: 2,262	Re: Toyota Says Won't Bar GM, Renault-Nissan Union Now that GM has Toyota's permission, they should just say no.

07-20-2006, 04:18 PM	#11 (permalink)
guitarlix 7.0 Liter LS7 V8 Join Date: Jun 2006 Posts: 6,152	Re: Toyota Says Won't Bar GM, Renault-Nissan Union I fail to see the arrogance.

07-20-2006, 06:05 PM	#12 (permalink)
ChevroletRevived GMI Staff Member Join Date: Jul 2004 Location: The Good Ol United States of America Posts: 8,863	Re: Toyota Says Won't Bar GM, Renault-Nissan Union Great news. We don't want you Toyota! How do you like that? __________________ GMI's Revitalization in Action Director Check out our latest lineup by Clicking Here If you've got inside news and would like to be a GMInsider, send me a private message or email me HERE.

07-20-2006, 06:41 PM	#15 (permalink)
mystikranger 6.0 Liter Vortec V8 Join Date: Dec 2004 Location: Waco, TX Drives: 2007 Chevy HHR LT Posts: 1,933	Re: Toyota Says Won't Bar GM, Renault-Nissan Union Toyota would have just brought GM down with it. GM dosent need that extra burden. We're already on the rise. __________________ Current Ride: 2007 Chevy HHR LT Future Ride: 2010 Camaro SS

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