UPDATED: Toyota to Liquidate Stake in NUMMI. Shut Down?
Toyota has not confirmed, but reports say NUMMI will be over after a 25 year run.
Toyota Motor Corp. has decided it will dissolve its stake in the NUMMI auto factory it operated here with General Motors Corp., leaving union officials at the plant dismayed and disappointed. The Japanese car maker will begin negotiations next week about the liquidation of the venture and the timing of a shutdown of the New United Motor Manufacturing Inc. factory in Fremont, according to at least three published reports.
“People are worried about their jobs,” said Sergio Santos, president of United Auto Workers Local 2244, which represents UAW members at NUMMI. “Nobody can afford to lose their job fight now.”
About 4,700 people work at the NUMMI plant. GM and Toyota resurrected the plant after GM had permanently closed it in 1982.
I'm really sorry to hear the news… not completely unexpected, but still sad.
One report says it could be closed by August.
UPDATE: This later story says the plant could continue building Toyota cars even if NUMMI, the venture, is dissolved. We'll see.
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