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#1
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Bye bye GM...Hello Toyota
With all apologies to Shadow048...
Toyota Buys Stake in Fuji Heavy From GM http://biz.yahoo.com/ap/051005/japan_toyota.html?.v=11 TOKYO (AP) -- Toyota has agreed to buy an 8.7 percent stake in Japanese automaker Fuji Heavy Industries from General Motors Corp., officials from both companies said Wednesday, in a deal that will make Toyota the top shareholder in the company that makes Subaru cars. GM and Fuji agreed to dissolve their alliance and capital relationship, said Toyota executive vice president Mitsuo Kino****a and Fuji Heavy President Kyoji Takenaka at a joint news conference. GM will sell its remaining 11.4 percent stake in Fuji in the market. Toyota Motor Corp. and Fuji are setting up a steering committee to try to reach an agreement on future collaboration as soon as possible, the companies said. Toyota has been on a roll lately, boosting sales in North America, Europe and other parts of Asia and recording booming profits. GM, based in Detroit, has been in trouble, losing $1.1 billion in the first quarter. GM and Toyota have a long-standing partnership to share environmental technology, and they run a car assembly plant in California together, although the ties do not involve holding stakes in each other. Toyota Chairman Hiroshi Okuda has expressed worries lately about a possible political backlash from U.S. automakers because of Toyota's bright results at a time when GM and Ford are faltering. He even suggested Toyota raise the price of car models in the United States. Toyota raised prices soon after, but denied the move was to placate U.S. automakers. Toyota, based in central Japan's Toyota city, holds stakes in two other Japanese automakers, Daihatsu Motor Co., which makes small cars, and Hino Motors, which makes trucks.
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'93 Anniversary Edition SVX 122k - 3.7 FD 5MT Swap, ECUtune 1a1, Bontrager RSB, Mad Restoration underway! '20 Honda Ridgeline Custom Oil Caps, Battery Bars, Phenolic Spacers for sale here: http://www.x35design.com Last edited by Stevebsy; 10-05-2005 at 06:48 AM. |
#2
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Man!!! this is the same thread AGAIN !!! there are now three of it , this proves that the guys are really committed to all subaru news and findings... cool
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Danny 1994 Silver SVX in hybernation, awaiting for the monsterous awakening (Lebanon) 1967 Mercedes-Benz 250SL Euro Specs, Hard/Softtop, White/Red. Under Complete Restoration 2013 Mercedes-Benz SL350 Euro Specs, White/Red. Mint... Another step into SL Collection. |
#3
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Bye Bye GM
Hi everyone, This is the best automotive news ever. I can't beleave that the general finally figuered out that Subaru was not going to fit in with its global plans. Sometimes the good guys DO win. Take care, BOBB
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#4
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No..... that mean I can't get Subaru Parts that much cheaper.
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Lwin M. Maung (Member # 147) Current SVX: • NONE Previous SVXes: •1994 LE Barcelona Red 107k • 1992 LS-L Pearl White 143k • 1994 LSi Bordeaux Pearl 220k • 1992 LS-L Ebony Pearl 184k • 1992 LS-L Liquid Silver 145k • 1992 LS-L Liquid Silver 102k • 1992 LS-L Ebony Pearl 123k Other current cars:•2001 Jeep Grand Cherokee Black If at first you don't succeed, CHEAT!
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#5
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Happy Days Are Here Again!!!!!!!!!!!!!!!!!!!!!!!!!!!
Woooohooooooo!!!!!!!!!!!!!!!!!!
I am so happy, I think I will buy Subaru products again even more so now that Toyota is involved!!!!!!!!! The quality will be better in the future with Subaru cars thanks to Toyota technology. I was so disappointed when Fuji sold out to G.M. It made me go out and not buy the new Legacy GT, instead I bought my Volvo S60 R with 300 HP and AWD. This is awsome news, I was hoping Porsche & Subaru before, since they use the same basice engine technology. But I am just glad no more G.M. / Fuji!!!!! |
#6
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This sounds like great news. Considering Toyota is one of the first huge auto markets to be into lean manufacturing. I can sleep better knowing parts will be made with more quality, problems can be pinpointed and solved right away, customers will get answers sooner......all because of a Kaizen attitude.
Super! |
#7
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Come on now, where is the proof that they are losing $1.1 billion. I don't believe it cause it's unpossible. MAC's for teh win, Stevebsy, MAC's for teh win!!!!!! |
#8
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Unsold inventory vs. sales projections = a loss in U.S. bs business stories.
GM, and others, have come a long way since the quality/reliability disparity of the '70s & '80s. The Japanese cars have vascillated in these areas, some are better, others not. Across the board I've have to disagree that GM is anywhere near the typical Japanese car's quality or reliability. Seems to me that y'all forgot that GM & Toyota have been sleeping together for many years now. If GM sells something to Toyota does that really indicate a transfer of ownership? Sounds like more corporate .... what's the word I'm looking for here? Gotta chuckle that the nanny edited the poor guy's name above.
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ASE Certified Master Automotive Technician w/L1. ASE Certified Master Medium/Heavy Truck Technician. Certified EVT (Emergency Vehicle Technician) |
#9
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Note to all: your crazy if you think that this event means anything positive for Subaru. It doesn't help your parts prices, it doesn't promise any addition of excitement to the Subaru lineup (do you really want to drive Camry's?), and though it could improve quality, it would be indescernable since the few parts that Toyota would contribute would hardly be enough to make a difference. So basically all you have is a boring future with expensive parts. Enjoy. |
#10
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#11
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Parts that Toyota supplies? Sheet metal or engines? Everything else is made by outside sources, neither designed or engineered by Toyota. This is common practice for all OEMs, they specify parameters and prices, that's about it. Parts shared by different OEMs only save development costs - why reinvent a wheel that can be bought cheaper from someone else's shelf? Ford used to buy GM's A6 a/c compressor, in return they sold their ATC (auto climate control) system to them.
The vast majority of recalls are due to vendor supplied parts. That's not to say the OEMs don't have any responsibility, they keep pounding the vendors for cheaper and cheaper. They have to answer to stockholders and executives that don't want to give up their golden handcuffs and parachutes nor the lobster lunches in the executive cafeteria. We're now in a recall situation that TI caused by changing specs to reduce cost on a part that is a entirely redundant safety backup. But the media doesn't fault the supplier so the OEM gets the black eye. Uh, when you leave something alone you don't have to announce it before making a comment.
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ASE Certified Master Automotive Technician w/L1. ASE Certified Master Medium/Heavy Truck Technician. Certified EVT (Emergency Vehicle Technician) |
#12
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Parts prices
Hi everyone, When I read Lwins post I took it to mean that he would not get a discount anymore as I believe he works for a gm dealer. Of course this would not be the first time I was wrong! Take care, BOBB
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