Toyota voices its support for success of Detroit 3

Toyota voices its support for success of Detroit 3

Filed under: Toyota, Earnings/Financials


According to Steve St. Angelo, a VP at Toyota North America, a healthy Detroit 3 is good for Toyota. While that may sound a bit odd or even patronizing, St. Angelo notes that the U.S. supplier base is working for both the Americans and Japanese. If one of their big clients like GM or Ford is in trouble, the effect to the supplier will in turn affect Toyota. What's more, the U.S. economy is closely tied in with the success of the automakers in Detroit and a depressed economy can only serve to hurt Toyota's U.S. sales numbers, a fact that is surely apparent when you glance at our By The Numbers posts over the past few months. Toyota's sales are still relatively strong, enough so that it has passed Ford to become America's second largest automaker and is currently knocking on GM's door (and giving them a spinning leg hook belly-to-back suplex) to take over the role as number one. So while a defeated member of the Detroit 3 may be bad for Toyota, a wounded one might be OK.

[Source: The Detroit News]

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