Email List Sign Up

Toyota won’t get any help on Nummi plant closure costs


Toyota won’t get any help on Nummi plant closure costs

Motors Liquidation Corp., which took over General Motors’ assets, says it doesn’t plan to fund worker severance pay or other expenses. GM was a partner with Toyota in the Fremont facility.

Bloomberg News

November 11, 2009


Toyota Motor Corp. may shoulder almost all the costs of closing a California joint-venture plant because the new owner of General Motors Corp.’s 50% stake doesn’t plan to fund worker severance pay and other expenses.


"Motors Liquidation is not contributing at all" to the closure costs, said Tim Yost, a spokesman for Detroit-based Motors Liquidation Corp., which took over discarded assets from GM as part of the carmaker’s bankruptcy reorganization. "We don’t believe there will be a requirement for us to do so."


Costs to close New United Motor Manufacturing Inc. may affect the Toyota City, Japan-based carmaker’s earnings for the year ending March 31. Toyota, which last week forecast a net loss of 200 billion yen ($2.2 billion), said that it was still in talks with the Fremont, Calif., venture, known as Nummi, and Motors Liquidation and that it was too soon to estimate the expenses.


The costs are "chiefly an issue for Nummi to decide," said Paul Nolasco, a Toyota spokesman in Tokyo.


"Although we cannot provide any figures at this time, it is something for which we plan to make allowance in our earnings report."


Toyota said Aug. 27 that it would stop using Nummi in March, after GM decided in June to abandon the plant.


Copyright © 2009,

The Los Angeles Times

Seniority Lists
Recent Posts!
Bargaining Committee

Mike Herron
Tim Stannard
Zone at Large – 1st
Danny Taylor
Zone at Large – 2nd
Mark Wilkerson
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

Tim Stannard
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
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
Katherine McGaw
Retiree Chair
Mike Martinez

Get Text Alerts


*Standard text messaging rates may apply from your carrier