The buildup surrounding the new joint venture between Ford and Toyota reminded me of an old adage: Big corporate events always sound best on the day they are announced.
After that, it is often downhill.
Recall the hullabaloo 30 years ago that accompanied another joint venture involving Toyota (TM). This one was with GM, then the most powerful auto company in the world; the two companies agreed to build small cars together at an auto plant in Fremont, Calif. that became known as NUUMI.
GM (GM, Fortune 500) didn't learn a thing from the deal, lost money on the cars it made there, and walked away in 2009 in bankruptcy. Toyota went on to displace it as the world's largest auto company.
With that in mind, here is an update on some more recent corporate events:
Audi fires its big guns
With the launch this fall of the A6, Audi concludes its latest round of new model introductions. As I wrote last spring, its momentum has been impressive. For the first seven months of this year, sales have risen 16% versus 11% for Mercedes-Benz and 13% for BMW, its two main rivals. Sales of Audi's flagship, the A8, have jumped eightfold since being redesigned a year ago.
The A6, which I drove last week, should enable Audi to remain at cruising speed. Unlike the mid-range cars of its competitors, the A6 has an identity all its own. It doesn't feel like a stripped A8 or a bloated A4, although it contains the best attributes of each: the A4's sporty character combined with the posh presence of an A8.
Audi is the first manufacturer to offer a factory-installed hot spot in its cars, and the A6 redefines the notion of the connected car by providing it with real-time traffic and weather information along with a Google Earth view of the landscape displayed as the background to the navigation system map. A back seat passenger can use it to stream a movie onto an iPad.
This kind of useful technology pays off big in luxury car marketing, and with a base price of $49,900 (as-tested: $61,530), the A6 should enable Audi to maintain its momentum or even accelerate.