California Business Minute™

Hi, I am Tim Johnson and welcome to the California Business Minute.

News surrounding the potential closure of the New United Motor Manufacturing
Incorporated (NUMMI) plant in Fremont, has escalated following reports that
Toyota Motor Corporation will be making its decision by the end of the month
concerning the potential closure of the plant and moving the production
out-of-state and/or out-of-country.

Even with the economic downturn, California continues to be Toyota's largest
market for auto sales. And while there are currently 4,600 jobs at the NUMMI
plant in immediate risk, the organization known as Friends of NUMMI claim that
the closure can actually lead to the demise of up to 50,000 jobs throughout
the state, specifically among its 1,000 suppliers and local businesses that
are all based in California to support the automotive plant for the past 25 years.

Friends of NUMMI - a group of families, workers, suppliers and local businesses
that will be affected by the closure - is urging local, state and federal officials
to persuade Toyota and the newly reorganized General Motors Co. to consider the
total loss in jobs, the impact on suppliers, local businesses and families that
will be devastated by the plant's closure, as well as the impact on the already
distressed economy.

For further information, go to www.friendsofnummi.org

I am Tim Johnson and this has been the California Business Minute.