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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on July 23, 2009, 09:55:31 AM
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Report: Toyota to end Calif. joint venture with GM
Associated Press
Posted: 07/23/2009 08:46:36 AM PDT
Toyota Motor Corp. has decided to liquidate its stake in a California manufacturing plant that it jointly operated with General Motors, a Japanese news agency reported Thursday.
The Japanese carmaker will begin negotiating with the "Old GM" starting next week, Kyodo News reported, citing unnamed company officials.
Toyota spokesman Mike Goss would not confirm that the Japanese automaker had made a final decision on the fate of Fremont-based New United Motor Manufacturing Inc., also known as NUMMI. Goss said Toyota will begin negotiations with the GM officials about the plant and added that the company is conducting an "extensive review" of its production needs.
A GM spokeswoman was not immediately available to comment.
NUMMI's fate was thrown into question last month when GM announced it was withdrawing from the 50-50 joint venture. GM emerged from bankruptcy protection shortly after the announcement and the company's stake in NUMMI is now part of Motors Liquidation Co. — also known as Old GM — where it will be liquidated under court supervision.
The NUMMI plant, established in 1984, employs 4,600 workers and makes the Pontiac Vibe station wagon for GM, and the Corolla compact car and Tacoma pickup truck for Toyota.
Toyota has been reexamining its U.S. strategy after plummeting U.S. auto sales helped drag it to its worst-ever overall loss for the fiscal year ended in March.
On Monday Yoshi Inaba, president of Toyota Motor North America and chairman of Toyota Motor Sales USA, said the Japanese automaker was carefully evaluating its options for NUMMI and hoped to make a decision "as quickly as possible."
He said Toyota was studying whether it could be economically viable in the future and considering factors such as the company's idle factory space, labor and image.
California represents Toyota's largest market within the U.S. California lawmakers have held discussions with the company about ways of keeping the plant open.
The United Auto Workers union represents employees at the joint facility and their labor contract expires next month. The joint venture was developed to have American workers learn Toyota's production methods, which were much leaner and more efficient. The UAW has not been able to organize workers at a Toyota plant in the U.S.
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Once again left wing politics leads to more unemployment, misery, and bad economics.
Unions suck!
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did this venture just become unprofitable as of January of this year?
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Huh.
So the union coundn't get their claws into Toyota like they could GM because they didn't have the democrats clearing the way for them... so they had to get them shut down.
The Japs don't go for the union bullshit like the left does around these parts.
I will never again buy and American made car.
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The unions are a complete sham on the public.
They need to be disbanded.
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Of course, but unions are a textbook example of political purchasing of votes.
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Japanese auto plants in Japan are union...
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Japanese auto plants in Japan are union...
No, the're not.
http://www.autotropolis.com/wiki/index.php?title=Union_vs._Non_Union_Manufacturing
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The English name for the union that auto workers in Japan are members of is "Japanese Auto Workers Confederation"
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Japanese auto plants in Japan are union...
It's a bit different than the parasitic/adversarial groups we have in the USA.
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Japanese auto plants in Japan are union...
Unions in German and Japan are not like the rabble we have here.
The unions in this country have three functions.
1. Demand more pay for less work.
2. Take unions members' money and funnel it to democrats.
3. Oppose any and all changes that will improve efficiency and quality for the companys' bottom line.
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Unions in German and Japan are not like the rabble we have here.
The unions in this country have three functions.
1. Demand more pay for less work.
2. Take unions members' money and funnel it to democrats.
3. Oppose any and all changes that will improve efficiency and quality for the companys' bottom line.
4. Be oblivious to market conditions.
5. Attempt to "get yours" because you think your entitled to "gold plated everything" for screwing in a dashboard.
6. Kill the Golden Goose.
You forgot a few.
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I think you guys got it all wrong...
They just want fair wages for fair work.... that's all. Just ask them.
::)
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Some people would say middle class living standards, health insurance, dignified working conditions is "getting theirs"
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Some people would say middle class living standards, health insurance, dignified working conditions is "getting theirs"
At the expense of everyone else. If the "Union Label" means that the car costs a fewe g's more, all that means is that the consumer is getting hosed and the union member is benefitting at the expense of the consumer who would otherwise be able to spend or save those few g's the way he or she wants.
Its even worse for the trades where buildings cost millions and millions more just to pay out bloated wages to lazy union thugs. The end result is higher costs to the owner, higher rents to small businesses who rent the space, etc.
unions help their members, but hurt the economy and others.
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At the expense of everyone else. If the "Union Label" means that the car costs a fewe g's more, all that means is that the consumer is getting hosed and the union member is benefitting at the expense of the consumer who would otherwise be able to spend or save those few g's the way he or she wants.
Its even worse for the trades where buildings cost millions and millions more just to pay out bloated wages to lazy union thugs. The end result is higher costs to the owner, higher rents to small businesses who rent the space, etc.
unions help their members, but hurt the economy and others.
Union help nobody except themselves.
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Unions are helping kill our economy here.
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Where in the article does it state that the plant was closing due to the UAW?