GM cuts ties with Toyota in US joint-venture

Newswire

DETROIT, June 29 (Reuters) - General Motors Corp on Monday cut its operational ties to a northern California auto plant it has operated in a joint-venture with Toyota Motor Corp since 1983. GM, which has been operating in a U.S. government-sponsored bankruptcy since the start of the month, said it had been unable to reach an agreement with Toyota on a new production plan for the Fremont, California plant. "After extensive analysis, GM and Toyota could not reach an agreement on a future ...

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