Toyota Chairman Speaks Up on GM's Woes

No more publicly pondering raising prices to help out ailing American automakers, but Toyota chair Hiroshi Okuda has stated that he believes GM is in serious trouble, noting that its market share has eroded and that it has "failed to produce quality cars." Yowch. When companies you've partnered with in business start talking smack to the media about you, your oars are long gone and Shit Creek is getting perilously deep. Better find a spare Vega door and start paddling...

Keidanren chief suspects General Motors faces serious financial crisis [Mainichi Daily News, Japan]

Related:
Toyot's Okuda is Serious About Raising Prices to Aid US Automakers [Internal]