NUMMI to close as Toyota reins in expectations
Toyota Motor Corp. said that it will shutter its New United Motor Manufacturing Inc. plant in Fremont, Calif, in 2010. The move came almost two months after General Motors decided to pull out of the 25-year-old joint venture. It should come as no surprise. NUMMI already had everything going against it when GM decided to kill Pontiac and pull out of the venture in July. Its United Auto Workers contract guarantees workers $28 an hour compared with $24 an hour in other Toyota…
David Welch
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