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Tag Archives: automomaker

Toyota to shut down North American plants this month

LOUISVILLE, Ky. — Toyota Motor Corp. said that it will suspend production at its North American plants in a series of one-day shutdowns this month as a result of parts shortages caused by the earthquake that hit Japan. The temporary shutdowns will affect 25,000 workers, but there will be no layoffs, the world’s No. 1 automaker said. A March 11 ...

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Nissan getting $1.4B loan

WASHINGTON — U.S. Secretary of Energy Steven Chu announced yesterday that the Department of Energy has closed its $1.4-billion loan agreement with Nissan North America,Inc. to retool its Smyrna, Tenn., factory to build advanced electric automobiles and an advanced battery manufacturing facility. The two projects are expected to create up to 1,300 American jobs and conserve up to 65.4 million ...

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