GM Executive: Yet To Find Suitable Product For Toyota JV
26 Juni 2009 - 9:13PM
Dow Jones News
General Motors Corp. (GMGMQ) said Friday that it had yet to find
a suitable car to build at a Fremont, Calif., plant operated in
partnership with Toyota Motor Co. (TM).
The New United Motor Manufacturing Inc., or Nummi, joint
venture, launched in 1984, is threatened by GM's decision to end
production of the Pontiac Vibe at the plant, alongside two Toyota
models.
"So far, we've not figured out a product that fits the needs of
[the partners]," said GM North America President Troy Clark during
a conference call with reporters.
-By Doug Cameron, Dow Jones Newswires; 312-750-4135;
doug.cameron@dowjones.com