No surprise here with all the downsizing in the indstry. But a big loss for California.
Toyota Said to Decide to Shut Factory in California(Bloomberg) -- Toyota Motor Corp. will shut a California auto-assembly plant that operated as a joint venture with General Motors Corp. for 25 years, the first time Japan's largest carmaker has closed a factory at home or abroad, according to two people familiar with its plan.
The company will negotiate the timing of the closing with Motors Liquidation Co., an entity responsible for the disposal of the assets GM shed in bankruptcy, said the people, who declined to be identified because the information wasn't public.
Read more on Toyota and GM's NUMMI plant.
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