Toyota Motor Corp. President Katsuaki Watanabe said Thursday his firm has no plan to block alliance talks involving General Motors Corp., Nissan Motor Co. and Renault SA.
During a news conference at a Tokyo hotel, Watanabe, however, added that Toyota hopes to maintain the business ties it currently has with GM.
The two companies set up a joint assembly plant in 1984 in the U.S. and have cooperated in car technology.