Seeking Alpha

Toyota (TM) will close down California's last auto plant in March after operating it well under...

Toyota (TM) will close down California's last auto plant in March after operating it well under capacity. The Fremont, Calif., plant employs 4,700 and was the site of a unique joint venture with GM in 1984, but the Pontiac Vibe was canceled, and Y/Y production of Toyota Corollas and Tacomas are down 25% and 83% there.
Comments (4)
  • Tom Au, CFA
    , contributor
    Comments (6775) | Send Message
    There goes another chunk of the U.S.-based auto industry.
    27 Aug 2009, 02:46 PM Reply Like
  • Neil459
    , contributor
    Comments (2644) | Send Message
    I can't believe that there is any manufacturing that can be done in CA under current CA laws. All they want are pristine beaches and natural forests that no one can afford to enjoy let alone even see.
    27 Aug 2009, 02:52 PM Reply Like
  • James Levy
    , contributor
    Comments (83) | Send Message
    This is great news! Another ¨old economy¨ factory which produces countless tons of terrible, toxic, greenhouse effect Carbon Dioxide is to be closed. Sure am glad that President Obama has promised millions of new ¨green collar¨ jobs thanks to the stimulus plan.


    It is unforgivable what the ¨Progessives¨ have done to the economy of the most important state of the Union. God help us, as it is true that California leads the nation.
    27 Aug 2009, 03:04 PM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
    Given the heavy red tape, taxes, and overall business climate in CA, I am surprised it lasted this long.
    27 Aug 2009, 08:06 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: