Word: toyotas
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...battered and overloaded Toyota van waiting at the border between Nigeria and neighboring Benin was the unintentionally ironic sign NO CONDITION IS PERMANENT. The statement was all too true for the score of Ghanaians packed inside, and for as many as 800,000 of their countrymen who had suddenly been ordered to leave Nigeria. By truck, boat and plane, they streamed out of the country last week, carrying what possessions they could. Many of them were hungry and sick. All of them were hurrying to meet the Feb. 1 deadline for their expulsion. Along the way, at least 34 participants...
...cuts a deal with Toyota...
...tactic of joining 'em when you can't beat 'em. Reports out of Tokyo and Detroit last week indicated that GM, America's largest car manufacturer (sales in 1982's first nine months: $46.1 billion), may soon enter into a joint venture with Toyota Motor Co., Japan's biggest (fiscal 1982 sales: $16.1 billion), to build a new small...
...subcompact-size auto, which would be patterned after the popular Toyota Corolla, is to be assembled at a now closed GM plant in Fremont, Calif. About half the parts, including the all-important engine and drive train, would be made by Toyota in Japan. A second factory would be built next door to produce metal body parts. Production of the car, which would probably be marketed by Chevrolet dealers, is scheduled to begin in late...
...final agreement to formalize the GM-Toyota linkup must still be signed, and it will surely be opposed by other U.S. automakers on antitrust grounds. Though few think that GM and Toyota would have embarked on lengthy negotiations without at least tacit approval from the Government to go ahead, one well-placed official is extremely skeptical that the deal will go through. Bargaining between the two companies consumed nearly a year and dragged on longer than GM expected. One major sticking point was resolved when Toyota apparently agreed to allow the new plant to be unionized by the United Auto...