Somebody recently told me that GM owns 30% of Toyota. This doesn't sound right to me. Any truth to this?

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Peter H

Somebody recently told me that GM owns 30% of Toyota. This doesn't sound right to me. Any truth to this?

Any links to your findings would be greatly appreciated.

Stumpy

I don't think so. No proof to back it up, but GM is about to get overtaken as the number 1 by Toyota. If anything, Toyota may have considered a 30% stake in GM to keep them afloat.

walkerhound03

They had a partnership to share technology. I know for a fact that some GM cars were built with Toyota parts.

http://abcnews.go.com/Business/wireStory?id=1652498&CMP=OTC-RSSFeeds0312

Brutus

The word is that Toyota is going to buy GM.

Judge Smails

Top 10 Shareholders of Toyota:

Japan Trustee Services Bank, Ltd. 304,140
The Master Trust Bank of Japan, Ltd. 215,206
Toyota Industries Corporation 200,025
Nippon Life Insurance Company 132,577
Hero and Company 123,522
State Street Bank and Trust Company 116,186
Trust & Custody Services Bank, Ltd. 101,694
Tokio Marine & Nichido Fire Insurance Co., Ltd. 83,821
Mitsui Sumitomo Insurance Company, Ltd. 65,166
The Chase Manhattan Bank, NA London 60,666

SpArKy

It is NOT right the actual number is 37% , and GM is looikng to but the rest of toyata by January 2008

when this take over happens I will be running to the bank!! it will make me PLENTY!! more then enough so I can retire by 46 and all my family, even my best friends of over 20 years!! watch out Bill Gates here I come!!

keep on YAHOOING!!

~~~SPARKY~~~

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