Toyota Yet to Decide on NUMMI Plant
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"We are still studying the situation and hope to make a decision soon," Toyota Motor Corp. President Akio Toyoda was quoted as saying by Reuters. "GM's decision to withdraw from the joint venture has created some extremely difficult issues for us to resolve."
What's interesting is that Toyoda hinted that the Japanese manufacturer might build an affordable sports car likely to be launched in the next years but hasn't provided more details on the matter. It's still unclear whether the sports car might be built at the Californian plant in case Toyota decides to keep the factory open.
Back in July, when speaking about the future of the NUMMI plant, Toyota hinted that it might be closed after all, pointing that the North American auto sector might be a decisive factor when it comes to its future.
"While we respect this decision by GM, the economic and business environment surrounding Toyota is also extremely severe, and so this decision by GM makes the situation even more difficult for Toyota," the Japanese manufacturer said in a release. "We will consider alternatives by taking into account various factors, including the current distressed market conditions, our overall North American manufacturing capacity, and the viability of the facility as a stand-alone operation without GM production."
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