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Promises kept by Toyota in Blue Springs: construction continues on plant despite a hold on the actual opening.

Publication: Mississippi Business Journal
Publication Date: 23-FEB-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Promises kept by Toyota in Blue Springs: construction continues on plant despite a hold on the actual opening.(Infrastructure)

Article Excerpt
When Toyota announced in 2007 that it was building a plant in Blue Springs, it was the most celebrated economic development news to hit Northeast Mississippi in a long while.

Last December's news that the plant was on hold indefinitely drew an equally intense reaction.

The automotive industry is one that has been hit particularly by the national recession, with nearly every manufacturer reporting plummeting sales figures. Nissan, which built Mississippi's first automotive plant, revealed last week that it was laying off 20,000 workers and expected an annual loss in 2009 for the first time in a decade.

The spiraling...

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