Toyota not interested in buying Chrysler

[Bakemono]

Toyota Motor Corp. (TM) President Katsuaki Watanabe reiterated Monday the world's second-biggest auto maker by output would have no interest in acquiring Chrysler if DaimlerChrysler (DCX) did decide to sell its struggling U.S. unit.At a company presentation ahead of the Geneva Motor Show, Watanabe fielded several questions about the possibility of Toyota being interested in Chrysler in an attempt to overtake General Motors Corp. (GM) as the world's biggest auto maker, but he dismissed the suggestion each time.
"We have no intention of acquiring or buying Chrysler," Watanabe said.

Watanabe said if Chrysler were to approach Toyota to suggest possible cooperation in areas like research and development, then "we would listen," but no approach has yet been made.
Watanabe said Toyota isn't focused on being the world's biggest car maker by output, preferring instead to focus on qualitative results like "quality, cost competitiveness and profitability."
The Toyota president also said the company wasn't currently searching for another U.S. production site after announcing the opening of a plant in Mississippi last week. Media reports after the announcement suggested Toyota would need to boost production further in the U.S. to keep up with its soaring sales in that country.

[Corona67]

I don't understand all the latest rumors about Toyota buying NA manufacturers. Have they ever bought out another manufacturer? Hino perhaps? I know they own part of Subaru and maybe some others, but that's totally different.
Just doesn't seem Toyota's style, and I hope it doesn't start to be.

C

[Dana_15]

Interesting.....maybe they would be interested if the asking price was much lower.

[Z28Wilson]

Originally Posted by dana_15

Interesting.....maybe they would be interested if the asking price was much lower.

The asking price couldn't be much lower considering the potential Chrysler has. Right now it's just a fraction of the price DaimlerBenz paid for it in 1998.

Consider the fact that 2006 was the first losing year the Chrysler group has posted in quite some time. In 2005 they made a cool $2.2B. They practically kept the whole DCX conglomorate afloat during that time. Whoever ends up purchasing Chrysler is going to get a sweet deal. The Germans have always resented the Chrysler group and one bad year is a convenient excuse to end the marriage.

[JoeyW]

the chinese will buy it if they were smart, they have more then enough money to, maybe just not the management team to.. but if they figure out that part... im sure most of you can come up with your own conclusions

[situman]

The only use Toyota will have for Chrysler is its plants other than that, nothing else much.

[rolla-XRS]

Toyota wouldn't want the plants. They'd come with the unions and that would be enough to kill any deal.

[Avalonman]

Wonderful Who needs Chrysler anyway?

[ECHOKnight2000]

Like GM the last thing Toyota needs is to aquire another company. Unlike GM Toyota is growing rapidly of course that has its downsides. Anyway Toyota is big and getting bigger as it is, doesn't need a POS Chrysler to bring it down or burden it. Toyota has to focus on themselves and quality and dealing with the fact that they are growing so fast. IMO

[MAR]

Let Chrysler fade away. The Hemi is only a shell of its former self anyway.

[Bakemono]

^Tell that to the people whom Chrysler employs.

[MAR]

Tell the people whom chrysler employs to make better stuff.

[Frozentide]

Why would a Japanese company with Import styled cars want a extremely NA style company? Toyota really has no need expand more than it already is!

[Z28Wilson]

Originally Posted by 84Cressida

Chrysler is slow, dying scum of a car company. They are completely worthless to anyone.

Post that in a MOPAR forum and see what kind of responses you get there, sparky.

[CLIFFJONES]

Originally Posted by 84Cressida

Chrysler is slow, dying scum of a car company. They are completely worthless to anyone.

Now there's a post that really makes alot of sense.