Toyota is on pace to overtake troubled General Motors as the world's largest automaker by 2010.
It's very expensive to operate a plant in California, notes a senior executive with another Japanese automaker.
Last week in one of those ironic twists of business history, VW, the former ugly duckling but now Europe's largest automaker, plunked down $703 million in cash to buy Rolls-Royce .
GM's Barra: Automaker working on cutting costs General Motors Co.'s global product chief told analysts Wednesday that the automaker is working to boost its operating margins by working with suppliers, using more global vehicle architectures and components across its footprint and by cutting logistics costs.
June 13, 2013 - Detroit News
Lewis Booth in AFP We're still continuing to negotiate with (Chinese automaker) Geeley (Automobile Holdings) and we're committed to selling Volvo,Booth said. "Volvo will be sold."
John Engler in Dayton Business Journal Because the auto industry is "highly integrated," Engler said, "a failure of one automaker could have a crippling impact on the entire supply chain."
Barack Obama in The Japan Times Obviously, Toyota has been an extraordinary automaker for a very long time, and I suspect that they will continue to be, despite this recent glitch,Obama said.