Ford U.S. Toyota joint Merger?

[Bud Bud]

Hi Guys I got this yesterday but was too busy to post it. I looked in today and I am surprised that no one else has got wind of this.

This could be the answer for Ford US as they struggle to bail themselves out of the red. Note, they are only proposing to share "technology" at this point.

The article also claims that Toyota is poised to takeover GM as the world no 1 car maker as early as 2007.


23/01/2007 - Toyota Motor Corp is ready to hold discussions with the sputtering US "Big Three" but has not struck any deal with Ford, the Japanese giant's president said in remarks published on Monday.

"We are open to discussions with GM, Ford and DaimlerChrysler if there is any possibility of establishing a win-win relationship," Toyota president Katsuaki Watanabe told the Financial Times.

But he denied that Toyota was poised for a deal with Ford Motor Co.

Toyota's chairman, Fujio Cho, met in Tokyo in December with Ford's chief executive Alan Mulally, feeding speculation about an alliance.

A Japanese press report said the two sides discussed sharing environmentally friendly technology which has proven to be a major hit for Toyota on the North American market.

The tie-up report came after the breakdown of talks between General Motors to enter a three-way alliance with Japan's second biggest automaker Nissan and France's Renault.

Toyota released production figures last month showing it was poised to overtake General Motors as the world's largest automaker in 2007