#corporate

While coverage of high finance isn’t generally a top priority of this site – we know most of you lot would rather read about Murilee’s latest Junkyard Find and, to be honest, so would I – any deal involving a pair of major fuel station brands is worth more than a passing mention.

Toyota Motor Corp. has announced the passing of Tatsuro Toyoda, the automaker’s seventh president and second son of the company’s founder. Instrumental in establishing the firm’s joint-venture with U.S. rival General Motors in 1984, referred to as the New United Motor Manufacturing Inc. (NUMMI), Tatsuro was known for his drive toward global expansion and international collaboration efforts.

Continuing on the path set out by his elder brother Shoichiro by taking the corporate helm in 1992, Tatsuro stepped down from the position in 1995 after being hospitalized for reported hypertension. However he continued on as an adviser for the automaker; a title he held until his death on December 30th. Toyota attributed Mr. Toyoda’s passing to pneumonia over the weekend.

Ford Motor Company’s eagerness to quench North America’s insatiable thirst for light-duty pickups and SUVs drove the company to earn $1.6 billion in the third-quarter of 2017, according to an earnings report from Ford.

Also helping boost the automaker’s bottom line were some tasty foreign tax credits and an accountant’s best friend: cost reductions.

Suzuki and Toyota Motor Corp. have agreed to begin official talks on pushing their partnership further. The partnership memorandum announced today covers a wide range of issues crucial to developing and producing automobiles, while keeping Suzuki independent as an automaker. Toyota is apparently not interested in corporate control. The automaker showed a similar gentle touch in its partnerships with Mazda Motor Corp. and Subaru parent company Fuji Heavy Industries.

Instead, the two companies have agreed to start brainstorming on how to best collaborate on advanced safety systems, environmentally friendly tech, information technology, overlapping components, and shared product.

That small-volume, regional roll-out of hydrogen fuel cell vehicles? Yeah, it’s just not doing it for Toyota. The automaker has let development of a fully-electric electric vehicle slide, and now it’s time to play catch-up.

But, rather than saddle the development of a non-hydrogen, non-hybrid green vehicle with the weight of a huge corporate bureaucracy, Toyota has chosen a different route in getting that all-important model to market.

Referring to one’s corporate buildings as a campus is en vogue, from Apple’s planned Spaceship HQ to the Googleplex in Mountain View, California. Yesterday, Ford Motor Company announced plans to transform its facilities in Dearborn into a green, modern, and high-tech work environment.

The 10-year plan will co-locate over 20,000 employees in the Dearborn area. Ford currently has a hodgepodge of more than 70 disconnected buildings along Oakwood Boulevard, many of which have been around since the Falcon and Galaxie were being sold in showrooms.

Volkswagen dealers in the U.S. have formed a go-to team tasked with drawing compensation out of the automaker while avoiding a looming barrage of dealer lawsuits.

The five-member committee was formed at a dealers-only meeting held yesterday at the National Automobile Dealers Association convention in Las Vegas, one day before U.S. dealers were expected to meet with top Volkswagen brass, Automotive News has reported.

The move is designed to head off a potential slew of lawsuits from U.S. dealers seeking reparations for sunk costs and lost revenue stemming from the automaker’s expansion push and subsequent diesel emissions scandal.

Ryan writes:

OK, so the granddaddy of oval car logos must be the Ford blue oval, but they sure do have a lot of imitators. So, how about a Vellum Venom on Comparative Oval Logos in the Automotive Industry? Or if you don’t like this pitch, maybe put Sanjeev on it. I bet he’d do this article.