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My Personal Finance Journey

Personal finance observation, musing and decisions in a journey toward financial independence by 36 with at least $1 million.

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The Toyota Files





Good speculation! But I don't think Toyota wants to be involved in GM.

From MSNBC:

Still skeptical? You say that neither Ford nor GM would ever "pull a Chrysler" and sell out? Then consider two more facts suggesting just how tempting this scenario might be for all parties concerned: GM and Ford currently sport market caps of below $19 billion. Toyota has more than $19 billion in the bank. And incidentally, GM and Ford are each trading for about their cash on hand (if you ignore the piles of debt behind the curtain). So theoretically, a buyout of either of the Detroit giants would essentially be an even exchange: We give you our company, you assume our debt. Does any of this suggest a buyout scenario to you?

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