Archive for July, 2009
GM-Toyota joint venture terminating
Written by admin on Saturday, July 04, 2009 | No Comments
Categories: Automobile Industry, General Motors, Latest Car News, Toyota
The 25 year old partnership has come to an end, though GM has had a fruitful and long standing relationship with Toyota, but the Nummi venture is ending. GM has been unable to reach an understanding with Toyota regarding a new product plant at Fremont, California. And since it is in the process of downsizing, this is one venture which will not see the light of day.
Troy Clarke, president of GM North America, said. “There are no future GM vehicles planned for the joint venture at this time”. On its part the Toyota spokesman Mike Goss said in a statement that the Japanese automaker is disappointed to see the partnership end. “The economic and business environment surrounding Toyota is also extremely severe, and so this decision by GM makes the situation even more difficult for Toyota,” he said in a email.
Toyota’s deal with Aston Martin
Written by admin on Saturday, July 04, 2009 | No Comments
Categories: Aston Martin, Automobile Industry, Latest Car News, Toyota Tags: Aston Martin, Cygnet, Toyota
For the first time ever, Toyota has agreed to build and supply a car to an outside car maker. Toyota will be making the car for Aston Martin. Called the Cygnet, the car will be ultra small and though based on the IQ model will be substantially different.
More details about the car like launch date, price and number of cars will be decided soon, and the car will be sold in Europe. Aston Martin is known for its premium sports cars which have been made famous thanks to the James Bond movies.
In Japan, Toyota will be making a a sporty, limited edition iQ customized under Gazoo Racing, of which President Akio Toyoda, who took over as president last week is a member. He wants to make cars which are more fun to drive.