Toyota announced that Australia discontinued production line by the end of 2017
Following Ford and GM Holden announced it would shut down after Australia, and car prices will end in a local car manufacturing business. Recently, according to Reuters, Toyota announced it would stop manufacturing in Australia at the end of 2017 cars and engines.
Toyota started production from 1959 cars in Australia, and its production base in Melbourne has 3,900 employees, is currently producing the Camry and Aurion models. But from the beginning of 2017, Toyota will only supply products to the identity of the importer in Australia, but the service offered to all Toyota customers will be fully reserved.
According to Toyota Chairman Akio Toyoda said Toyota Australia's main reason for the withdrawal of the strong Australian dollar, low expectations of future sales, as well as excessive competition in the Australian market. Toyota production in Australia has been declining for nearly a decade, in 2012 production was 200,000, compared with 400,000 in 2004.
Toyota will work with social workers to a drafting a plan to solve the unemployment problem. According to reports, the shutdown is expected to affect 2500 jobs.
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