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California's last car plant faces closure
Toyota Motor Corp. will reportedly start talks with General Motors to end their joint venture at the Bay Area auto assembly plant.
The Japanese automaker's decision will close the last remaining car plant, which opened in California in 1984 in a 50-50 joint venture between Toyota and GM.
Citing unidentified sources, Kyodo News agency said that the upcoming negotiations would pave the way for Toyota to pull out of the New United Motor Manufacturing Co., or NUMMI.
Earlier Toyota announced that it might close its business NUMMI after GM cut operating ties to the plant in late June.
The two giant carmakers are trying to reach a deal over the future of the plant by the end of August.
"There are a number of difficult and complex issues that we need to address before making any final decisions with respect to NUMMI, and as a result, this process will take more time," Toyota said in its statement.
Detroit: The Post-Apocalyptic Future of American Cities?
Don't miss this ---> Girly man
The Japanese automaker's decision will close the last remaining car plant, which opened in California in 1984 in a 50-50 joint venture between Toyota and GM.Citing unidentified sources, Kyodo News agency said that the upcoming negotiations would pave the way for Toyota to pull out of the New United Motor Manufacturing Co., or NUMMI.
Earlier Toyota announced that it might close its business NUMMI after GM cut operating ties to the plant in late June.
The two giant carmakers are trying to reach a deal over the future of the plant by the end of August.
"There are a number of difficult and complex issues that we need to address before making any final decisions with respect to NUMMI, and as a result, this process will take more time," Toyota said in its statement.
Detroit: The Post-Apocalyptic Future of American Cities?
posted by w | 16:26
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