After General Motors and Ford announced they would stop manufacturing cars in Australia, many wondered if Toyota would be next. And now it’s official, as Toyota today announced that it will end production in Australia by the end of 2017, after more than 50 years of building cars in the country.
Toyota President Akio Toyoda in a statement said
many factors led to the “painful decision.” The automaker pointed a
strong Australian dollar, competitive market, and a weakening business
case to continue production. Toyota currently operates one plant, which
currently employs about 3900 employees and produces the Camry, Camry
Hybrid, and Aurion sedan.