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General Motors Corp has not found a vehicle it could produce at a joint-venture factory it operates with Toyota Motor Corp <7203.T> in California, a senior GM executive said on Friday.
In June 2009, GM announced it was pulling out of the plant, and a few months later Toyota announced it was doing the same. By April 2010, the last car rolled off the line; a red Toyota Corolla.
Last year, GM pulled out of the venture, an independent company for the past 25 years, as part of its bankruptcy restructuring. Toyota is doing the same, saying the facility is no longer ...
The automaker announced today that it will upgrade its Spring Hill, TN factory for the production of low-cost lithium-ion phosphate batteries. The factory is run by Ultium Cells, a joint venture ...