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Toyota sues old GM for California plant damages

TOKYO - Toyota is suing the company handling bankrupt General Motors' assets, demanding $73 million in damages from the shuttering of a joint-venture California plant.

Toyota Motor Corp. spokesman Paul Nolasco said Tuesday the lawsuit was filed Nov. 24 for research and development costs that weren't recouped because of the shuttering earlier this year of New United Motor Manufacturing Inc., or NUMMI, plant in Fremont, California.

For the full Bloomberg Businessweek story, click here.

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