var digg_url = 'http://digg.com/business_finance/Toyota_offers_GM_a_helping_hand_the_end_is_near'; According to a report by Japan's Kyodo News, General Motors' chief executive and chairman Rick Wagoner is considering visiting Toyota in Japan to discuss a myriad of issues, ranging from funding to parts sharing.

BMW, the Munich-based German automaker, is reportedly in discussion with other automakers -- rivals in some cases -- to sell their engines and transmissions. Klaus Draeger, BMW's head of development, told Auto Motor und Sport that the automaker is in advanced talks with Mercedes-Benz about licensing engines to its Stuttgart-based competitor.

Click above to view more images of the Tata Nano

Fiat and Tata already have a joint venture to distribute commercial vehicles. If they can do the big stuff, why not the little stuff? Tata and Fiat are looking at an agreement to sell the Tata Nano outside of India in markets where Fiat has a strong presence.

If the deal goes through, and once the car is upgraded to meet Western standards, Tata can take advantage of the Fiat name, marketing, and dealer network. Fiat would probably have a big seller on its hands -- and a slice of every one -- since the car is still expected to maintain a healthy price advantage even after it gets beefed up.