Toyota Motor Corp. is assessing the cost of shutting a California auto plant previously shared with General Motors Corp. and is leaning toward closure instead of funding the factory on its own, two people familiar with the plan said.
The unprofitable carmaker is likely to close New United Motor Manufacturing Inc. since the cost of keeping the factory open will rise, said the people, who asked not to be identified because the plan isn’t public.
By 2012 California is to begin a program aimed at cutting greenhouse gas emissions linked to global warming by 30 percent. Business groups in the state including the California Chamber of Commerce and California Small Business Roundtable have said the program will boost energy and other expenses for companies in the state.
Not to mention little things like workers' comp, taxes, cost of living, schools...
Toyota will say "Sayonara" unless they get the mother of all backroom deals from the state.