General Motors Breaks Off JV With Toyota; GM-Badged Prius Possibly in the Works

General Motors has announced its intention to abandon its 25-year-old California joint venture with Toyota – a move the Japanese automaker said would add to its own financial woes – and Bloomberg has reported that Toyota may produce a hybrid for GM. Only two weeks ago, Bloomberg reported that GM and Toyota were considering possibly of building Prius hybrids together at an existing plant in Fremont, California. But in a statement released Monday, GM said it will place its 50 percent ownership stake in New United Motor Manufacturing Inc. – or NUMMI, the GM-Toyota joint venture that consists chiefly of

Tagged as: Courts, Hybrid, Plug-ins and Electric, Toyota, Toyota-Prius