Toyota: "We Really Don't Want Anyone To Go Bankrupt"
Toyota's Senior VP for NA engineering and manufacturing is rooting for the D3. "Competition is good for us," Steve St. Angelo told The Detroit News. 'The customers are the big winners, because it makes all of us better." But there's more to Toyota's largesse than simple concern for consumer choice. "We share many of the same suppliers, so if one of our suppliers has difficulty with either Chrysler, GM or Ford, there's a good chance they are going to have difficulty for us." And because of this interconnectedness, Toyota is helping its American rivals however it can without breaking U.S. antitrust laws. "When any of our competitors want to come to our plants, we let them," says St. Angelo. "We really don't want anybody to go bankrupt." The ToMoCo honcho professes faith in the D3's current leadership. "If you really look at the leaders of the Detroit Three, they're some of the finest leaders that this business has ever had. I hope and I think that they'll come out of this. It would help our company. It would help America. It would help our suppliers. It would help everyone." Not to mention the fact that rooting for Detroit helps Toyota in its quest to morph from evil, America-destroying transplant to leader of the United States of Toyota (as examined by Automotive News [sub] columnist Edward Lapham).
Wow, the widespread denial of market forces is scary. If the supply of vehicles immediately drops and the demand stays the same, the price can be adjusted accordingly. ie, happy days for whoever is still selling the product. A lack of production capacity is a temporary problem. Which could be easily overcome with a fattened wallet from profits and ton of automotive workers ready to work for cheap.
Why waste a torpedo when the boat is already sinking - sit back and enjoy the spectacle