TOKYO -- Toyota Motor Corp.'s joint venture with General Motors, New United Motor Manufacturing Inc. (NUMMI), will spend some $143 million over the next five years to overhaul production facilities, business daily Nihon Keizai reported on Thursday.
The operator of a car plant in Fremont, California, will use 7-8 billion yen of the money by 2007 to upgrade a painting line, the report said. An assembly line will also be renovated.
A Toyota spokeswoman said it is considering making improvements to the plant but nothing concrete has yet been decided.
Established in 1984, NUMMI produces the Toyota Corolla, Toyota Tacoma pickup trucks and GM's Pontiac Vibe. It produced 380,679 vehicles in 2004, including 311,453 Toyota-brand vehicles. The newspaper said NUMMI's production would rise to a record 410,000 vehicles this year. Toyota declined to confirm the figure.