Toyota plans to end production at joint venture (Fremont, CA NUMMI )

[Kadie]

Toyota plans to end production at joint venture

By KEN THOMAS, Associated Press Writer

Thursday, August 27, 2009

(08-27) 09:36 PDT WASHINGTON (AP) --

Toyota Motor Corp. plans to end production in March 2010 at a California joint venture where it has built vehicles with General Motors, the company said Thursday.

Toyota's board voted early Thursday to end the company's production contract at the Fremont, Calif.-based New United Motor Manufacturing Inc., spokeswoman Cindy Knight confirmed.

Toyota had said previously that it was moving toward liquidating its stake in the California facility after the plant's fate was thrown into question in June when GM announced it was withdrawing from the 50-50 joint venture. General Motors Co. emerged from bankruptcy and the company's stake in NUMMI is now part of Motors Liquidation Co. — also known as Old GM — where it will be liquidated under court supervision.

The NUMMI plant, established in 1984, employs 4,600 workers. Toyota builds the Corolla compact car and the Tacoma pickup truck at the plant and until recently GM built the Pontiac Vibe station wagon there.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/08/27/national/w091601D30.DTL&tsp=1#ixzz0PP9oNKS9

[Greyhound]

1. More "good news" for the U.S.

This will make GM stocks rise and destroy more American lives.
:banghead:

[FarCenter]

2. Link to a previous thread on the closure

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x4034550