GM expected to ask Toyota for help-Kyodo report

DETROIT, Oct 29 (Reuters) - Struggling U.S. automaker General Motors Corp GM.N is expected to ask for Japanese rival Toyota Motor Corp's (7203.T) help in turning around its business, Kyodo News reported on Wednesday, citing sources familiar with the plan.

GM Chairman and Chief Executive Rick Wagoner is considering visiting Japan soon and meeting with Toyota's leadership to discuss the plan, Kyodo said, citing sources.

A GM spokesman was not immediately available for comment.

The Kyodo news report said Toyota was expected to consider quick fixes for the cash-strapped GM, including buying up its assets and helping it secure sufficient business funds.

The executives of the world's two biggest automakers may also discuss an expanded business partnership, including Toyota making fuel-efficient compact cars for GM and providing hybrid-car technologies to the U.S. carmaker, Kyodo said, citing sources.

GM has been in talks with Cerberus Capital Management since September about a merger with Chrysler LLC, the struggling No. 3 U.S. automaker owned by Cerberus. (Reporting by Poornima Gupta, Editing by Maureen Bavdek)