Toy­ota halts pro­duc­tion Down Un­der

Yorkshire Post - Motoring - - NEWS -

TOY­OTA has joined Ford and Gen­eral Mo­tors in an­nounc­ing it will cease to man­u­fac­ture cars in Aus­tralia by 2017. It blames high costs, a small do­mes­tic mar­ket and the strong Aus­tralian dol­lar for the de­ci­sion.

The Ja­panese com­pany has been build­ing cars in Aus­tralia since 1963 but has been los­ing money there in re­cent years.

In 2011 Toy­ota Aus­tralia an­nounced a $13.2m loss af­ter tax for the year to March 2011. At that time the pres­i­dent and CEO, Max Ya­suda, said it needed to re­cover from the ef­fect of Ja­pan’s earthquake and tsunami dis­as­ter. Last week he said that said there was no sin­gle rea­son for the clo­sure. “We did ev­ery­thing that we could to trans­form our busi­ness but the re­al­ity is that there are too many fac­tors be­yond our con­trol.”

In 2012 Toy­ota Aus­tralia cut 350 jobs and sub­se­quently be­came em­broiled in le­gal ac­tion with the unions. Now it is ex­pected that some 2,500 man­u­fac­tur­ing em­ploy­ees will be di­rectly af­fected with thou­sands more in the sup­ply chain also be­ing laid off.

Fred­eric Manby

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