Posted on 06/18/2010 5:07:44 AM PDT by EBH
“....The California plant, called New United Motor Manufacturing Inc., or NUMMI, was a joint venture with General Motors Co. Toyota closed its doors in April after GM pulled out of the venture under bankruptcy protection last year.”
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This probably figured into the move. After Gov’t Motors pulling out of the factory, Toyota would likely assume more if not all of the operating and financing costs. It would have been by far the most expensive factory for Toyota to operate. Smart move for them to leave.....and to tell the UAW to go to San Fransico.
You coulda been a poet.
For several years, we have owned Toyota Corporate Notes (high order bonds) that stretch out to 2032. We get a good interest rate and the notes held their value until the meltdown. They went into the red a fair amount re face value if we had sold them at that time.
Interesting, since the so called safety bs about Toyotas/Lexus, their corporate notes came back out of the red and have done very well if we had to cash them in today.
This news has increased the sell value of the notes from .74% to 1%.
$crew the unions and any corporation’s bonds/stocks or any mutual fund run by elite liberals
Add Bethlehem, Pa steel to that picture of union “progress”.
” $crew the unions and any corporation’s bonds/stocks or any mutual fund run by elite liberals “
Amen, brother!
*I am curious. What is starting pay for a autoworker in Mississippi vs. California ?*
I am curious: what is the cost of living in Mississippi vs. California?
$58,240 / year is not bad for starting pay in Miss. I would think.
Thanks. I thought it was a strange relationship in the first place.
--as opposed to 'inhuman' need? What they're really referring to is "from each his abilities and to each his needs."
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