Toyota has announced production of its cars in Australia will finish by the end of 2017. The move follows similar announcements from both Ford and Holden, who also revealed mass production in Australian plants would stop for good by 2016 and 2017 respectively.
Toyota claimed the decision ‘was not based on any single factor,’ but did state both high costs of manufacturing and the strong Australian dollar, which makes exporting vehicles expensive, as major factors in the withdrawl.
Manufacturing of cars including the Camry, Camry Hybrid and Aurion models, which are sold in Australia, will cease by the end of 2017. The closure of the facility will also affect the 2,500 employees at the plant. Ford announced 1,200 jobs losses and Holden revealed 2,900 people would lose their jobs with the closure of each of its factories.
"This is devastating news for all of our employees who have dedicated their lives to the company during the past 50 years," said Toyota Australia President and CEO, Max Yasuda. “We did everything that we could to transform our business, but the reality is that there are too many factors beyond our control that make it unviable to build cars in Australia.”