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Australian Car Industry Dies: Toyota To End Local Production By End Of 2017

Toyota has announced that it will end vehicle and engine production in Australia by the end of 2017.

The announcement marks the formal death of the Australian car manufacturing industry. A product of post-war economic development, the automotive industry at its peak included manufacturing plants operated by General Motors Holden, Ford, Toyota, Nissan and Mitsubishi.

Toyota says “various negative factors such as an extremely competitive market and a strong Australian dollar, together with forecasts of a reduction in the total scale of vehicle production in Australia, have forced us to make this painful decision”. [Read more…]