General Motors has announced that it plans to end its 25-year joint venture with Toyota to make cars at the New United Motor Manufacturing Inc. (NUMMI) plant in Fremont.
The NUMMI plant employs a number of salaried personnel who live in Pleasanton, although the exact number has not been released.
Troy Clarke, the president of GM North America, said in a statement, "As part of its long-term viability plan, General Motors has decided that its ownership stake in the New United Motor Manufacturing Incorporated joint venture with Toyota will not be a part of the 'New GM'."
"After extensive analysis, GM and Toyota could not reach an agreement on a future product plan that made sense for all parties," Clarke said. "Accordingly, NUMMI will end production of vehicles for GM in August, and there are no future GM vehicles planned for the joint venture at this time."
NUMMI spokesman Lance Tomasu also released a statement.
"We are sorry that GM has decided not to carry its interest in NUMMI forward to the New GM," Tomasu said. "It may take some time before the future of NUMMI is determined."
Tomasu said NUMMI will focus on building Toyota Corolla cars, Toyota Tocoma trucks and Pontiac Vibe cars "as well as reducing our operating costs."
However, GM had previously announced that it would stop making Vibe cars in August.
The NUMMI plant employs 4,700 workers. Tomasu declined to comment on their fate, saying that the company isn't doing any interviews.