"OUSTON (Reuters) -- The president of Toyota Motor North America said Wednesday the Japanese automaker is not interested in buying other companies.
His remarks were made in response to a question about whether Toyota would have any interest in buying DaimlerChrysler AG's (Charts) money-losing Chrysler operation in North America, which its parent had indicated it could sell or spin off.
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"We don't have any particular interest in acquiring other companies," Jim Press, Toyota's North American president, told a media briefing at the Cambridge Energy Research Associates CERA Week meeting.
Toyota (Charts) does not have an objective to expand its business through acquisition or merger, Press said."
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