The federal agency that protects pensions says New United Motor Manufacturing Inc. is liable for $292 million in benefit payments but has just $161 million in assets, and it wants Toyota Corp. to help make up the difference.
Nummi was founded in 1984 as a partnership between Toyota Corp. and General Motors, but last summer GM quit the partnership and turned its interest in the Fremont plant over to Motors Liquidation Co. |
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Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.
Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.
