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TOYOTA MOTOR SALES INC. ISSUES STATEMENT REGARDING GM PLANT CLOSINGS

 TOYOTA MOTOR SALES INC. ISSUES STATEMENT
 REGARDING GM PLANT CLOSINGS
 TORRANCE, Calif., Dec. 18 /PRNewswire/ -- The following statement is provided by Toyota Motor Sales, U.S.A. Inc., regarding GM's plant closing announcement today:
 The General Motors announcement that it will shut down 21 plants in the U.S. should help the company in its drive to remain a competitive player in the automotive industry, according to Robert B. McCurry, executive vice president, sales and operations, Toyota Motor Sales, U.S.A. Inc.
 "This move is something the leading analysts and Wall Street have been telling GM it has needed to take for some time," McCurry said. "We certainly sympathize with the families of those GM employees who will be affected by today's announcement.
 "Ours is a small industry and a decision such as the one announced today is a personal thing to many of us. GM management had to do what it believed to be best for the company. We emphasize with them and hope they will be successful."
 -0- 12/18/91
 /CONTACT: Bill Pauli of Toyota Motor Sales, U.S.A. Inc., 310-618-4810/ CO: Toyota Motor Sales, U.S.A. Inc. ST: California IN: AUT SU:


DM-CH -- LA013 -- 3565 12/18/91 16:28 EST
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Publication:PR Newswire
Date:Dec 18, 1991
Words:208
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