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Title: Toyota

Essay Details:

Subject: Business
Author: Quentin A
Date: February 22, 2017
Level: University
Grade: A
Length: 2 / 377

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). 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...

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