GM to seek another shared Toyota model to replace Vibe
April 27, 2009 – 4:03 pm ET
|Even as it shrinks its North American product portfolio, General Motors is negotiating with Toyota Motor Corp. to determine a new GM product to be jointly produced at the automakers’ 50-50 joint venture, New United Motor Manufacturing Inc.
A GM spokesman said that, if successful, the negotiations would result in a new model for one of GM’s surviving brands — Chevrolet, Buick, GMC or Cadillac.
Earlier today, GM revealed that it will end production of its Pontiac line, including the Vibe crossover.
The Vibe is currently GM’s sole yield from the NUMMI partnership — meaning the Pontiac decision effectively leaves GM without a need for NUMMI as it cuts factory production plans around the country.
But Pontiac spokesman Jim Hopson said GM is in talks with Toyota and NUMMI itself to determine another vehicle to be produced there.
“We’re negotiating to see how best to utilize that facility going forward,” Hopson said. “We’re clearly not backing away from our partnership at NUMMI. There’s no issue of us backing away from NUMMI.” Read the rest of this entry »