Texas Instruments’ 2nd Quarter Profits Fall
July 20, 2009 by Mark Ellis
Filed under Business
Image: FlickrAlthough Toyota once operated the New United Motor Manufacturing Inc. auto-assembly plant as part of a joint venture with General Motors, GM’s bankruptcy forced it to pull out of the plant. This has left Toyota with the difficult decision regarding whether or not it should close the plant, especially after its CEO promised that it would not close any of its North America plants.
However, Toyota has announced that it will make the decision “quite soon,” depending on whether or not the plant will receive aid from California lawmakers, as well as on an analysis of the plant’s financial viability. Toyota has admitted that it has no timetable for the decision.
Closing the plant would mark the end of the only large auto-assembly plant on the West Coast. It may come to this, though, as Toyota continues to struggle under the enormous weight of the global economic recession. Whatever Toyota decides, though, it promises no dramatic changes in its North American business plan.
Image: Flickr
