The longstanding venture between the Japanese and American automakers is set to end.
Press Release – Wired PR News – Toyota Motor Corp. will reportedly close the California based assembly plant it co-operates with General Motors. As reported by the Associated Press (AP), the Japanese automaker recently announced its plans to shut down New United Motor Manufacturing Inc., or NUMMI in March of next year.
Executive Vice President Atsushi Niimi is quoted in the report as stating of the decision, “It just would not be economically viable to continue the production contract with NUMMI. This is most unfortunate, and we deeply regret having to take this action.”
As noted by the AP, the joint venture between the automakers was launched in 1984. Some reportedly remain hopeful that the company will reconsider the plans or another company will step in to provide the resources necessary to keep NUMMI, which employs approximately 4,600 people, in operation.
WiredPRNews.com – The latest in Health News
Photo Credit: Wikipedia User IFCAR