Toyota Ca Joint Venture To End: Report

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By
Muhammed El-Hasan
on August 27, 2009 12:19 PM | | Comments (0) |

It was bound to happen afte GM pulled out of the joint venture.

WSJ: Toyota To End Production At US Nummi Plant In Mar '10

DETROIT -(Dow Jones)- Toyota Motor Corp. (TM) plans to cease production in March next year at a California assembly plant it owns jointly with the former General Motors Corp., according to a person familiar with the plans.

Toyota's board voted earlier Thursday to stop production at the factory, known as New United Motor Manufacturing Inc. or Nummi, the person said.

The joint venture has mostly been a money-loser since Toyota and GM established their partnership in 1984. It makes about 400,000 vehicles a year. Toyota will release a statement later today on the decision.

The company plans to relocate production of the Corollas compact car and the small Tacoma trucks to other factories in North America where there is idle capacity, the person said.

Read more on Nummi.

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This page contains a single entry by Muhammed El-Hasan published on August 27, 2009 12:19 PM.

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Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

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Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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