In a First, Toyota Is in Talks to Close a Plant
Monday, July 27th, 2009Toyota’s dreaded moment is finally here: The Japanese automaker is set to shutter a major factory for the first time in its 73-year history, pulling the plug on a joint venture with General Motors and marking a new era of more aggressive cuts at the Japanese automaker.
Toyota will soon enter discussions to dissolve New United Motor Manufacturing, a 50-50 venture based in Fremont, California, that employs about 4,550 people.
Source: NYTimes
~News submitted by upthecreek