Toyota has filed a lawsuit against Motors Liquidation Co. (aka Old GM), the company that is responsible for the discarded assets of General Motor Corp. Toyota is seeking $73 million in damages for the closure of the joint factory it owned with GM in California, New United Motor Manufacturing Inc., or NUMMI. Toyota said it [...]
Earlier this year, after joining forces with Toyota, Tesla Motors announced that it has purchased the former NUMMI factory in Fremont, California, where it will build the Model S sedan and future Tesla vehicles. Tesla agreed to buy the plant for a total of $42 million. To date, Tesla Motors has paid NUMMI an initial [...]
Toyota Motors Corp and Tesla Motors last night announced a historic partnership in which both automakers will mass produce electric-vehicles. As a part of the partnership, Toyota will purchase a $50 million stock in Tesla. Tesla also said it will purchase the NUMMI factory in Fremont, California to produce electric-vehicles starting off with the Model [...]
An electric-car company by the name of Aurica Motors LLC is proposing a plan to keep the California plant New United Motor Manufacturing Inc open, a plant that was a joint venture between General Motors and Toyota. Aurica said that it will build zero-emission vehicles there, according to General Manager Matt Pitagora. “We want to keep [...]
Toyota Motor Corp is asking California for $2 million in taxpayer money for training some of its workers to become better car builders. The Japanese automaker says that it deserves to be paid back the money it spent on training this year under a Feb. 27 agreement with the state’s Employment Training Panel. However, critics [...]
United Auto Workers President, Ron Gettelfinger, is questioning Toyota Motor Corp’s final decision to close it New United Motor Manufacturing Inc. facility just after benefiting from the government’s cash-for-clunkers program. The plant was originally jointly operated by GM and Toyota before GM pulled out earlier this year. “It’s unfortunate the company chose to close a [...]
According to reports coming out of Japan, Toyota will end production at the joint venture factory in California that it started with General Motors in March 2010. According to Japan’s Asahi Shimbun, Toyota has started to inform its main suppliers about the plans. A Toyota spokesman said the company has reached no official decision yet. Toyota has [...]
Toyota announced last week that it has decided to liquidate stake in New United Motor Manufacturing Inc (NUMMI) in California, a plant that it jointly operated with General Motors. The UAW is now urging its members to contact U.S. lawmakers in an effort to try to convince Toyota Motor Corp to keep operating its California assembly [...]
According to a report by Japan’s Kyodo News, Toyota has decided to liquidate its stake in New United Motor Manufacturing Inc (NUMMI) in California, a plant that it jointly operated with General Motors. Citing unnamed officials, Kyodo reported that Toyota will begin negotiating with the ‘Old GM’ starting next week. Mike Goss, a Toyota spokesman, would [...]
Toyota said this Friday that it may have to close its New United Motor Manufacturing (NUMMI) facility in California since General Motors has canceled its 50/50 partnership with the Japanese automaker. General Motors, which exited bankruptcy on Friday, left its NUMMI stake with other bad assets on their way to liquidations. “We are carefully evaluating [...]
