Toyota exec says automaker ready for GM bankruptcy

Discussion in 'Industry News' started by NewsBot, Apr 9, 2009.

  1. NewsBot

    NewsBot Grand Toyotaholic

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    pFiled under: a href="http://www.autoblog.com/category/plants-manufacturing/" rel="tag"Plants/Manufacturing/a, a href="http://www.autoblog.com/category/gm/" rel="tag"GM/a, a href="http://www.autoblog.com/category/toyota/" rel="tag"Toyota/a, a href="http://www.autoblog.com/category/earnings-financials/" rel="tag"Earnings/Financials/a/pa href="http://www.detnews.com/article/20090408/AUTO01/904080418/1148/rss25"img vspace="4" hspace="4" border="1" src="http://www.blogcdn.com/www.autoblog.com/media/2009/04/72943635-580.jpg" alt="" //abr /br /The world's largest automakers are intertwined in a myriad of ways and they need to watch their competitors in both good times and bad. When talk of a GM bankruptcy was first floated, the discussion of the effects naturally led to GM's suppliers. That discussion then led to what the effects would be on other car companies if a swath of suppliers was suddenly pulled under, and both Ford and Toyota indicated they would be adversely affected by a GM's fall.br /br /Now the president of Toyota Motor Sales USA, Jim Lentz, has said that the automaker can handle a GM bankruptcy. Although GM and Toyota share roughly 330 suppliers, Lentz says "only a small number... are critically short on cash," without giving any indication of how many shared suppliers are included in that assessment. Even for those that might be in trouble, the $5 billion a href="http://www.autoblog.com/2009/03/19/u-s-treasury-unveils-5b-supplier-support-program/"Supplier Support Program/a should further minimize the number of losses among them.br /br /[Source: a href="http://www.detnews.com/article/20090408/AUTO01/904080418/1148/rss25"Detroit News/a | Image: Bill Pugliano/Getty]p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"a href="http://www.autoblog.com/2009/04/09/toyota-exec-says-automaker-ready-for-gm-bankruptcy/"Toyota exec says automaker ready for GM bankruptcy/a originally appeared on a href="http://www.autoblog.com"Autoblog/a on Thu, 09 Apr 2009 08:03:00 EST. Please see our a href="http://www.weblogsinc.com/feed-terms/"terms for use of feeds/a./ph6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"/h6a href=http://www.detnews.com/article/20090408/AUTO01/904080418/1148/rss25Read/anbsp;|nbsp;a href="http://www.autoblog.com/2009/04/09/toyota-exec-says-automaker-ready-for-gm-bankruptcy/" rel="bookmark" title="Permanent link to this entry"Permalink/anbsp;|nbsp;a href="http://www.autoblog.com/forward/1511863/" title="Send this entry to a friend via email"Email this/anbsp;|nbsp;a href="http://www.autoblog.com/2009/04/09/toyota-exec-says-automaker-ready-for-gm-bankruptcy/#comments" title="View reader comments on this entry"Comments/apa href="http://feedads.googleadservices.com/~at/cww5s1_FEbxdbMScF_mbgVtqSqs/a"img src="http://feedads.googleadservices.com/~at/cww5s1_FEbxdbMScF_mbgVtqSqs/i" border="0" ismap="true"/img/a/pdiv class="feedflare"a href="http://feeds2.feedburner.com/~ff/weblogsinc/autoblog?a=INLIvqWRm30:ky4a8AUGRlE:wF9xT3WuBAs"img src="http://feeds2.feedburner.com/~ff/weblogsinc/autoblog?i=INLIvqWRm30:ky4a8AUGRlE:wF9xT3WuBAs" border="0"/img/a a href="http://feeds2.feedburner.com/~ff/weblogsinc/autoblog?a=INLIvqWRm30:ky4a8AUGRlE:V_sGLiPBpWU"img src="http://feeds2.feedburner.com/~ff/weblogsinc/autoblog?i=INLIvqWRm30:ky4a8AUGRlE:V_sGLiPBpWU" border="0"/img/a/divimg src="http://feeds2.feedburner.com/~r/weblogsinc/autoblog/~4/INLIvqWRm30" height="1" width="1"/

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