The Rise And Fall Of The Toyota And General Motors Joint-Venture
Two of the largest manufacturers in the world are Toyota and General Motors (GM), but did you know that these two powerhouses actually joined forces at one point? Anyone over 40 who knows anything about US auto history knows I'm talking about New United Motor Manufacturing, Inc. or NUMMI for short. This joint project started in the early '80s out of necessity and ended up having profound effects on both companies before unceremoniously coming to an end in the wake of the 2008 Recession.
General Motors Surges in North America in the Third Quarter
It’s a good time to be General Motors. On Tuesday, October 22, 2024, the American automaker reported $48.8 billion in revenue for the third quarter. Additionally, the company now projects its automotive operating cash flow to be in the $22 to $24 billion range for 2024. It’s a notable increase over its previous projection of...