News In Brief

GM and Chrysler clash over GM's Toyota link Washington

Auto giants Chrysler and General Motors collided on Capitol Hill - sharply disagreeing on the merits of plans by GM to build a new line of small cars with Toyota.

Chrysler chairman Lee Iacocca testified Wednesday that the venture would violate antitrust laws, create a monopoly, push 300,000 US auto workers out of their jobs, and escalate prices.

But Marina Whitman, a GM vice-president and chief economist, told the House Commerce and Transportation subcommittee that the plan would allow GM to learn and apply Japan's more efficient production techniques - to the benefit of the industry and consumers.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK