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It appears Nummi might soon be no more. The New United Motor Manufacturing Inc., until earlier this year a Fremont, Calif.-based joint venture between General Motors Corp. and Toyota Motor Corp. that produced vehicles for both firms, has been the subject of considerable uncertainty since GM decided to leave its...
Posted on August 17, 2009 4:41 PM
On Monday Toyota Motor Corp.'s (NYSE:TM) North America president Yoshimi Inaba said the company hadn't yet decided what to do with Fremont, Calif.-based New United Motor Manufacturing Inc. But he also said he wanted to decide quickly, and according to a report from Kyodo News, picked up by AP and...
Posted on July 23, 2009 3:34 PM
A top Toyota Motor Corp. (NYSE:TM) official said Monday that the company has not yet decided whether to shutter a plant in Fremont, Calif., now that joint venture partner General Motors Co. has walked away.North America president Yoshimi Inaba (pictured), speaking to reporters in Washington, said he wants to decide...
Posted on July 20, 2009 3:58 PM
Toyota Motor Corp. is reportedly leaning toward shuttering the New United Motor Manufacturing Inc. plant in California instead of retrofitting it to continue production now that joint-venture partner General Motors Co. has walked away.Toyota and GM had worked together at the so-called Nummi plant since the early 1980s. It was...
Posted on July 15, 2009 10:29 AM
With General Motors Co. having emerged from bankruptcy with a much lower cost structure -- and in a mere 40 days -- vice chairman Bob Lutz is feeling his oats. Check out what he told Public Radio's "The Takeaway" Monday morning about industry overcapacity and how it affects GM and...
Posted on July 13, 2009 4:48 PM
Just weeks after General Motors Corp. exited the Northern California New United Motor Manufacturing Inc. joint venture, partner Toyota Motor Corp. over the weekend said it might have to do the same.Toyota, which invested in the Freemont-based plant 25 years ago and currently manufactures Corolla sedans and Tacoma pickups there,...
Posted on July 13, 2009 11:06 AM
General Motors Corp.'s decision to drop out of a California joint venture has created a difficult decision for partner Toyota Motor Corp.Bankrupt GM said Monday that its 50% stake in the New United Motor Manufacturing Inc., or Nummi, facility in Freemont would not be part of the revitalized company that...
Posted on June 30, 2009 5:04 PM
The U.S. auto industry might be suffering, but at least the initial quality of what they are building is improving. So says J.D. Power and Associates, which as part of its 2009 Initial Quality Study says that new vehicles sold by Chrysler Group LLC, Ford Motor Co. (NYSE:F) and General...
Posted on June 22, 2009 2:27 PM
Ford Motor Co. (NYSE:F), the nation's last major auto company operating outside of bankruptcy, showed continuing signs of momentum in May while newly insolvent General Motors Corp. provided at least a glimmer of hope.Ford U.S. sales for the month, though down 24% compared to May 2008, were the highest...
Posted on June 2, 2009 3:04 PM
Automakers reported another dismal month of sales in April, though the U.S. companies all reported reason for hope that the worst might be behind them.Chrysler LLC, which filed for Chapter 11 protection on Thursday, saw sales fall 48% from April 2008, with crosstown rivals General Motors Corp. (NYSE:GM) and Ford...
Posted on May 1, 2009 3:51 PM
What do you do when you lose the Vibe?That's the question facing New United Motor Manufacturing Inc., the 50-50 joint venture between Toyota Motor Corp. and General Motors Corp. (NYSE:GM). The two companies started manufacturing vehicles together at the former GM plant in Fremont, Calif., in 1984. GM has been...
Posted on April 28, 2009 10:53 AM
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