Originally Posted By: Hootbro
Originally Posted By: supton
Originally Posted By: Kira
All the while the Big Three owned ~1/3 of each of the Japanese companies.
Did they really? I know today they all have their hands in each others pockets (never would have guessed at the joint GM-Ford transmission venture!) but didn't expect it back then.
At one time Ford owned a 33% stake in Mazda, Chrysler 34% in Mitsubishi Motors and GM owned a 20% stake in Subaru's parent company.
In Japan, all of these companies are absolutely tiny compared to Toyota. About 19 out of 20 vehicles there are Toyota.
Originally Posted By: supton
Originally Posted By: Kira
All the while the Big Three owned ~1/3 of each of the Japanese companies.
Did they really? I know today they all have their hands in each others pockets (never would have guessed at the joint GM-Ford transmission venture!) but didn't expect it back then.
At one time Ford owned a 33% stake in Mazda, Chrysler 34% in Mitsubishi Motors and GM owned a 20% stake in Subaru's parent company.
In Japan, all of these companies are absolutely tiny compared to Toyota. About 19 out of 20 vehicles there are Toyota.