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I don't think Toyota got paid directly. See my comment above, but it is important to remember that Toyota did not have any production facilities in the USA at
by csours 11y ago
I don't think Toyota got paid directly.
See my comment above, but it is important to remember that Toyota did not have any production facilities in the USA at this time; they were not sure (purportedly lazy) American workers could or would conform to the Toyota Production System.
Also, at that time GM had more cash than Toyota's Market Cap. [citation needed] [1]
1. I wish I had better source for this, but Roger B Smith spent 80 billion on automation in the 80's, and Toyota's Market cap was 31-45 billion in 1992.
http://www.businessweek.com/bwdaily/dnflash/content/jan2009/db20090121_417607.htm http://www.businessweek.com/bwdaily/dnflash/content/jan2009/...
http://www.wolframalpha.com/input/?i=toyota+historical+market+capitalization+1992 http://www.wolframalpha.com/input/?i=toyota+historical+marke...