Bloomberg: Toyota to Close California NUMMI Plant in July

Bloomberg: Toyota to Close California NUMMI Plant in July

By Robert Farago

July 23, 2009

 

 

Bloomberg is quoting “two people familiar with the plan” (now it’s three) that Toyota’s pulling the plug on their joint venture with Old GM. “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 yesterday. They declined to be identified because the information wasn’t public.” But but but . . . it IS public. You know; now. Anyway, three days ago, ToMoCo was angling for government “assistance” and union “flexibility,” telling the world that it hadn’t made a decision on whether or not to terminate the project once and for all. Toyota’s North American chief executive  Yoshimi Inaba said the decision “depended on possible aid from California lawmakers, labor contracts for the factory’s union workers that expire in August and NUMMI’s financial viability.” As Toyota is not known for, uh, lying, I reckon the jury is still out.

Share
Seniority Lists
Recent Posts!
Bargaining Committee

Chairman
Mike Herron
President
Tim Stannard
Zone at Large – 1st
Danny Taylor
Zone at Large – 2nd
Mark Wilkerson
Committeepersons
Joe McClure
Chad Poynor
Steve Roberts
Derek Lewis
Bill Cundiff
Kirk Zebbs
Don Numinen
Jay Minella
Danny Bragg
Chris Hill
Rashad Thomas
Keith Oswald
Chris Brown

1853 Officers

President
Tim Stannard
Chairman
Mike Herron
Vice President
Darrell DeJean
Financial Secretary
Mark Wunderlin
Recording Secretary
Peggy Mullins
Trustee (3)
Jay Lowe
Dave Clements
Dave Spare
Sgt. at Arms
David C Spare
Guide
Ashley Holloway
E-Board at Large (2)
David Ryder
Steve Roberts
GM Unit Chair
Mike Herron
Leadec Unit Chair
Larry Poole
Ryder Unit Chair
Patrick Linck
AFV Unit Chair
Neil Osborne
Retiree Chair
Mike Martinez

Get Text Alerts



asdasdsd

*Standard text messaging rates may apply from your carrier