Toyota to end output at GM jv plant in March: report | Reuters
The WSJ reports that Toyota is going to decide by the end of August.
Even with sales picking up, this data point doesn't look good:
Toyota's North American plants are operating at about 50% to 60% of capacity, according to consulting firm CSM Worldwide.
Reuters is reporting that Toyota has decided, just not formally announced, and that they are notifying suppliers:
Toyota has started to inform its main suppliers about the plans, the Asahi said.
A Toyota spokesman said the company has reached no official decision yet.
The paper cited a source as saying Toyota would transfer production of the Tacoma pickup truck to its light trucks factory in San Antonio, Texas in June. It will move output of the Corolla sedan to its factory in Ontario, Canada, and a factory in Japan.
The end is near?
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Some communist newspaper is writing that workers are protesting.
Well, of course.
What keeps a plant open is CUSTOMERS, not protests.
http://www.pww.org/article/articleview/16807/