[doh]

http://www.reuters.com/article/marketsNews/idINT7920920081029?rpc=44

DETROIT, Oct 29 (Reuters) - Struggling U.S. automaker General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz) is expected to ask for Japanese rival Toyota Motor Corp's (7203.T: Quote, Profile, Research, Stock Buzz) help in turning around its business, Kyodo News reported on Wednesday, citing sources familiar with the plan.

GM Chairman and Chief Executive Rick Wagoner is considering visiting Japan soon and meeting with Toyota's leadership to discuss the plan, Kyodo said, citing sources.

A GM spokesman was not immediately available for comment.

The Kyodo news report said Toyota was expected to consider quick fixes for the cash-strapped GM, including buying up its assets and helping it secure sufficient business funds.

The executives of the world's two biggest automakers may also discuss an expanded business partnership, including Toyota making fuel-efficient compact cars for GM and providing hybrid-car technologies to the U.S. carmaker, Kyodo said, citing sources.

 

[doh]

http://www.reuters.com/article/marketsNews/idINN2930890320081029?rpc=44

DETROIT, Oct 29 (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz) on Wednesday declined to comment on reports that it was considering seeking help from Japanese rival Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz), but said executives "routinely discuss issues of mutual interest" with other automakers.

"As a policy, we do not confirm or comment publicly on those private discussions, which in many cases do not lead anywhere," GM said in a statement

A Kyodo news report, citing sources familiar with the plan, said Toyota was expected to consider quick fixes for the cash-strapped GM,

 

[mgescuro]

How simply embarrassing.

 

[Clownzilla]

Time to speculate (ie: talk meaningless nonsense) on what GM assets Toyota will want to buy

 

[460ford]

This is very sad

 

[lonhahn]

NUMMI would be a possibility.

 

[Family Man]

Time to speculate (ie: talk meaningless nonsense) on what GM assets Toyota will want to buy

Maybe a portion of GMAC? Or possibly some of GM assembly facilities that are slated for closure?

 

[Clownzilla]

Ok, let me start. I believe that Toyota will want to buy the Pontiac brand so they can create a sports car division alongside Toyota (mainstream), Lexus (luxury), Scion (youth). They will also want to buy the remainder of NUMMI.

 

[Corvette C10]

I seriously dought gm will let toyota buy some of there assets. Or at least there most important one's. Or these media talk again.

 

[American_Muscle]

nnnnnnnooooooooooooooooooooooooooooooooooooooooooo

 

[Buickman]

will someone, somebody, somewhere PLEASE THROW THIS GUY OUT!!!!!

he is a criminal, a disgrace, an embarrasment, incompetent, worthless...need I say more???? over $60 Billion lost under his reign. time is up Red Ink Rick.

don't let the door hit 'ya. he is a complete loser. knew it when he refused to let information be distributed amongst shareholders. threatened to have me removed for trying to share ideas. goodbye and good riddance!

 

[windvale]

Wouldn't you love to be a fly on the wall at the meeting between GM & Toyota. What does the Rick say ???

"Hi. My name is Rick and I've managed to completely run GM into the ground. We thought hybrid cars were a publicity stunt, our quality is well below yours, and our small cars are complete sh1t. Can you give us Hybrid Synergy Drive, the Corolla, and maybe 10 billion dollars so I can squander that too ?"

The nightmare for GM continues...

 

[stevecmh]

sad very sad..

but i might have to happen

 

[Buickman]

by the way, take Lutz, the loose cannon with you Rick. you guys make Matt Millen look like Vince Lombardi. you have run GM into the ground and truth be known, belong in jail.

 

[61BelAir]

So GM is crying "Uncle"? You've got to be kidding me. Bring the new Cruze, and the Beat here ASAP, not in two years, and that will take care of the compact cars. I will switch to Ford before I buy a GM with Toyota hardware.

 

[blaksabb]

Where is the pride? As a consumer who is very loyal to GM, why would I want any of their products in the future if I new GM only existed because Toyota (their #1 competitor) allows them to.

I would rather see them fold with dignity. I mean, really! Are they suggesting that GM needs Toyota to build them fuel-efficient vehicles and Hybrid tech for cars? If that's the case, then they are just rebadged Toyotas. Why not buy the real thing?

And what does Toyota gain from this besides a smug sense of satisfaction? Does my hard earned money just end up filling foreign coffers? Deals with the Devil are unacceptable!

 

[wolverine]

sad very sad..

but i might have to happen

Don't be so hard on yourself.

 

[Ambalanche]

Mark Leneave (sp?) Is supposed to be on CNBC today and is reportedly denying this. I hope to catch him to see what he says. Let's see, 25 billion from the govt, another 10 billlion loan to buy Chrysler, how much money does GM need? Seems like they need to not take on Chrysler!!!!!

 

[D C]

will someone, somebody, somewhere PLEASE THROW THIS GUY OUT!!!!!

he is a criminal, a disgrace, an embarrasment, incompetent, worthless...need I say more???? over $60 Billion lost under his reign. time is up Red Ink Rick.

don't let the door hit 'ya. he is a complete loser. knew it when he refused to let information be distributed amongst shareholders. threatened to have me removed for trying to share ideas. goodbye and good riddance!

You still bitter because he didn't like your plan to save the company by giving free golf balls to employees when they bought a new car?

 

[joemac]

How simply embarrassing.

Yep we should all be embarrassed for driving the number of imports we do. Our government should be embarrassed for not embracing this critical American industry as well.

Just 60 years ago the domestic automotive factories pumped out not cars but many war machines to help us in winning WWII on two war fronts. Now 60 years later we turn our back on them and say die. If the automotive industry would have taken the same attitude 60 years ago and turned the finger up at us, there would be a strong likelihood that we'd be speaking Japanese or German today. We're such a "I, Me, My, Now" society it's pathetic. We have no concept of tomorrow, next week, next year, next decade.

Ever wonder why the Japanese domestic industry still dominates it's own market by a LARGE margin? Because the Japanese government supports the industry and it's people do as well. They have an extreme amount of pride in their industries. This same mindset is does not exist in America. We're truely spoiled and we're now starting to pay for it dearly.