Australian Car Manufacturing is Officially Dead

/ Comments

Toyota has made it official that it too will end all auto assembly Down Under by late 2017.

First Ford made the announcement, then Holden and now Toyota has confirmed that it's giving up on Australian manufacturing operations. The Japanese automaker has confirmed that it too will cease production and assembly operations in Australia by the end of 2017. Toyota claims that the closure will directly affect 2,500 current employees, but Australian sources are claiming the layoffs will be much higher.

The reason is that the closures will also affect local auto suppliers. At the moment, Toyota builds the Camry, Camry Hybrid, and Aurion models Down Under as well as four-cylinder engines. After 2017, however, Toyota Australia will import everything. So why have these major brands made the decision to shut down Australian manufacturing? The main reason is the high Australian dollar, which has hurt export opportunities, but has made business better for imports. Other factors are the country's high production and wage costs along with a shrinking car market that already has too much competition. Despite some government assistance, car manufacturing in Australia will soon be a thing of the past.

Best Street Legal Track Cars For 2020
Best Street Legal Track Cars For 2020
Awesome Mercedes-Benz Cars That Didn't Need Help From AMG
Awesome Mercedes-Benz Cars That Didn't Need Help From AMG
Holden
Holden
Holden
Toyota

Join The Discussion

Popular Tags Cars