Tuesday, September 29, 2009

Automotive plant closings continue.
TOYOTA MOTOR CORPORATION (TMC) announced it will end its Corolla and Tacoma production contract with New United Motor Manufacturing, Inc. (NUMMI) on March 31, 2010 and shift production of those vehicles to Toyota wholly-owned facilities. Following the end of the contract, Tacoma pickups will be produced at Toyota’s manufacturing facility in San Antonio, Texas, U.S.A., which specializes in trucks. Corollas will be sourced from its Cambridge, Ontario, Canada plant, as well as Japan to meet near-term demand. This will enable an uninterrupted supply of vehicles to dealers and customers in North America.