Toyota Australia Won’t Leave Like Ford Will
Toyota and Holden announced that Ford’s AU $600 million loss in the last five-years and abandonment on the local production, will not affect their business and they will remain in production for long term projects, like the 2017 Toyota Camry which will be made there.
''The operating environment is extremely tough at this time, but Toyota believes that car manufacturing is an important contributor to the Australian economy,'' Toyota Australia public affairs manager Glenn Campbell said. ''Toyota intends to maintain its operations in Australia.''
Toyota has just opened a AU$ 330 million engine production plant for locally buit and exported cars in December 2012 and it will also add a further 140 temporary jobs to its Melbourne plant, due to export demand increase.
Full story at The Age