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	<title>GTscene - Cars, Girls and whats going on around you! &#187; Jim Lentz</title>
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		<title>Toyota OK with GM going bankrupt</title>
		<link>http://www.gtscene.com/2009/04/toyota-ok-with-gm-going-bankrupt/</link>
		<comments>http://www.gtscene.com/2009/04/toyota-ok-with-gm-going-bankrupt/#comments</comments>
		<pubDate>Tue, 14 Apr 2009 11:30:16 +0000</pubDate>
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				<category><![CDATA[Scene Talk]]></category>
		<category><![CDATA[General Motors]]></category>
		<category><![CDATA[Jim Lentz]]></category>
		<category><![CDATA[Toyota Motor Sales]]></category>

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		<description><![CDATA[A top Toyota executive says the automaker is prepared to deal with a possible bankruptcy filing by rival General Motors.
Toyota Motor Sales USA President Jim Lentz says his company shares about two-thirds of its 500 parts suppliers with GM, which is facing the possibility of a bankruptcy. Lentz made the remarks Wednesday at the New [...]]]></description>
			<content:encoded><![CDATA[<p>A top Toyota executive says the automaker is prepared to deal with a possible bankruptcy filing by rival General Motors.</p>
<p>Toyota Motor Sales USA President Jim Lentz says his company shares about two-thirds of its 500 parts suppliers with GM, which is facing the possibility of a bankruptcy. Lentz made the remarks Wednesday at the New York International Auto Show.<br />
<span id="more-463"></span><br />
Lentz says only a small number of Toyota suppliers are critically short on cash. Analysts fear that an automaker bankruptcy would take down parts suppliers and disrupt production industrywide.</p>
<p>Lentz says the $5 billion parts supplier bailout by the Obama administration will help preserve the supply base. The Tokyo-based automaker builds cars in the U.S. in Kentucky, Indiana and Texas.</p>
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