Toyota joins GM in saying no to Fiat Chrysler merger - Business Insider
With annual global sales of 10 million vehicles, “we have enough scale right now to do what we need to do,” Jim Lentz, CEO of Toyota Motor North America, told reporters Thursday at the automaker’s technical center near Ann Arbor, Michigan. Marchionne has been rebuffed by General Motors Co. as he seeks to consolidate with another automaker to better afford the high cost of new technology in cars. Source: www.businessinsider.com
