Posted on 07/23/2009 9:07:28 AM PDT by NormsRevenge
Toyota Motor Corp. has decided to liquidate its stake in a California manufacturing plant that it jointly operated with General Motors, a Japanese news agency reported Thursday.
The Japanese carmaker will begin negotiating with the "Old GM" starting next week, Kyodo News reported, citing unnamed company officials.
Toyota spokesman Mike Goss would not confirm that the Japanese automaker had made a final decision on the fate of Fremont, California-based New United Motor Manufacturing Inc., also known as NUMMI. Goss said Toyota will begin negotiations with the GM officials about the plant and added that the company is conducting an "extensive review" of its production needs.
(Excerpt) Read more at mercurynews.com ...
rut roh....I liked the old GM better myself. That one that used to have balls.
I know a few people at NUMMI and wish them the best of luck.
Can’t blame Toyota.
The future spells doomy for the venture called NUMMI.
It’s just what we don’t need in this area especially.. that plant and venture employs a lot of folk.. make that employed.. gonna be a bleak Holiday Season for many.
It’s a Ford or Toyota for our family.
“...gonna be a bleak Holiday Season for many.”
Thanks to your helpful policy dealers in Sacramento.
No way will they allow those slugs to slither into Toyota owned plants!
“The joint venture was developed to have American workers learn Toyota’s production methods, which were much leaner and more efficient. The UAW has not been able to organize workers at a Toyota plant in the U.S.”
The last sentence says it all
They should have thought of that before they voted for Obama.
-PJ
LOL. Who the hell would want the marxist as a business partner.
Calling Roger Penske...Mr. Penske, please pick up the white courtesy phone.
bump that
I miss feeling secure like I did under the leadership of GW.
I miss being a nation that sticks to its constitution and does not apologize for doing what is right and good and that shares its freedom with others.
I miss having a REAL LEADER instead of a special interest racist nutcase.
I love that GW called the WH 'America's house' as opposed to uhbama calling it his.
I miss dignity and grace flooding our WH instead of arrogant michelle with her staff of TWENTY TWO (oh geeez, it gags ya) and uhbama (with his family trips on our dime).
I just miss grown ups.
Ditto!
It was a skank payoff/buy, by Toyota, to get GM to not run to Washington and get the pols to keep Toyota out of the US.
For Toyota, it was a cost of doing business in a corrupt country. No biggie, they operate all over the world.
For GM, they got Toyota to make them some cars that they couldn’t design, or make themselves.
But, now Toyota doesn’t need GM as GM/UAW have stuck their last needle of incompetence in their arms.
By the way, you can buy Toyota stock (TM) on the NYSE. Today, up 2 percent.
Bush was economically slightly less worse than Obama. Barely.
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