Toyota Motor Corp. is considering making a bid to link with General Motors, according to a report in BusinessWeek magazine. The move would be aimed at trumping a proposed alliance between GM and Renault-Nissan.
The magazine reported Saturday that Toyota "is considering its options and looking at different opportunities that they could propose to GM." It said Toyota executives have "war gamed" possible scenarios by which it could help GM with its turnaround.
BusinessWeek quoted an unnamed Toyota executive who said, "Toyota has no interest in seeing an alliance like this [involving Renault, Nissan and GM] take place."
GM CEO Rick Wagoner and Renault-Nissan boss Carlos Ghosn met Friday night in Detroit. The companies later issued a joint statement saying they will take about 90 days to explore potential benefits of a tie-up.
Wagoner hinted to Automotive News last week that deals with other automakers besides Renault-Nissan are possible.
"Could other things arise?" he said. "Sure, they could happen any time, but nothing else I can talk to you about today."