text: New United Motor Manufacturing Inc a joint venture formed by General Motors Corp and Toyota Motor Corp said it plans to cut production at its automaking facility here because of lower than anticipated sales. The company said production will be reduced to about 750 vehicles per day from the current rate of 800 per day effective May 18. It said there will be no layoffs because of the cutbacks but the lower production schedule will be in effect throughout the 1987 model year. GM and Toyota produce the Chevrolet Nova at the joint-venture plant which began production in December 1984. Reuter
target: GM <GM>, TOYOTA JOINT VENTURE CUTS PRODUCTION