REPORT: Toyota bankrolling $500 million into Indiana plant; no comment on NUMMI
Toyota also has no comment about the recent rumors that it had entered talks with General Motors about buying out General Motors's share in the New United Motor Manufacturing Inc. (NUMMI) venture after the U.S. automaker announced last week that it was abandoning its 50 percent stake in the partnership. Toyota is currently negotiating with the United Auto Workers to adjust labor rates at the Fremont, California, operation. According to reports, the plant could shut down if those talks go sour.
[Source: Automotive News, subs. req'd]
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