Title: Toyota

Essay Details

Subject: Business
Author: Quentin A
Date: February 22, 2017
Level: University
Grade: A
Length: 2 / 377
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

NUMMI is a fifty-fifty joint venture with the board of directors split equally between the two companies. Initially, the venture was to manufacture the Toyota-designed subcompact, and the name chosen for the car was Nova. The total number of vehicles assembled at NUMMI in 2002 was 369,856: Toyota Tacoma (164,550), Toyota Corolla (137,642), Pontiac Vibe (59,556), Toyota Voltz (8,108)...

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What are the benefits each partner can expect to derive from the NUMMI joint venture? Do you foresee any problems? One benefit of this GM-Toyota is that it substantially reduces the amount of resources in terms of money and personnel which each partner must contribute. The $300 million joint venture saves GM a great deal of time and money in finding a new car to replace its aging Chevette...

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