Toyota

Essay specific features

 

Issue:

Business

 

Written by:

Ronald R

 

Date added:

May 31, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 377

 

Was viewed:

4588 times

 

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Essay content:

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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