New Threat To The Valley: Toyota Might Close NUMMI
The carnage in the auto industry may be about to hit Silicon Valley.
Toyota (TM) is considering close NUMMI, a Fremont, California vehicle-assembly plant that it has been operating jointly with General Motors. The revamped GM has decided to pull out of the venture, New United Motor Manufacturing Inc. (ergo, NUMMI) and now Toyota may close the doors on the operation, which employs 4,600 people.
“We need to determine whether it can be economically feasible to contract with NUMMI without GM,” Toyota said in a statement, according to the Wall Street Journal.
