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Toyota considering dissolving Nummi joint venture

Fri Jul 10, 2009 5:47 PM EDT
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Associated Press
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NEW YORK — Toyota Motor Co. says it is considering dissolving its stake in a California manufacturing plant after General Motors Corp. pulled out of the joint venture.

A Toyota spokeswoman declined to comment on whether the Japanese automaker would close New United Motor Manufacturing Co., or Nummi. GM announced last month that it planned to liquidate its stake in the 50-50 joint venture.

The Fremont, Calif., factory makes the Pontiac Vibe station wagon for GM and the Corolla compact car and Tacoma pickup truck for Toyota. But GM shed Pontiac while under bankruptcy protection and the factory will stop building the Vibe in August.

Toyota and GM launched the joint venture in 1984. The factory employs about 4,600 workers.

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kikaiju

The Corolla and Corolla Matrix (Toyota's version of the Vibe) are also built in a plant in Toronto which itself is running at less than half capacity.

The Tacoma is also built in Mexico.

This leaves NUMMI building cars that are also built elsewhere. Bad place to be right now. NUMMI needs to be given a new mission rather than shutdown.

    Reply#1 - Sun Jul 12, 2009 3:57 AM EDT
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