Toyota said today that it plans to shutter its Australian auto manufacturing operation by 2017.
The announcement marks the end of the country’s entire auto manufacturing industry.
“Our focus will now be to work with our employees, suppliers, government and the unions as we transition to a national sales and distribution company,” Toyota Australia president and CEO Max Yasuda said.
The announcement will see Australian production of the Camry, Camry Hybrid and Aurion shuttered. It will also mean the local production of four-cylinder engines being cancelled by the end of 2017. Production of those vehicles for the Australian market will likely shift of Thailand.
Calling it “one of the most open and fragmented markets in the world” hampered by increased competitiveness from current and future free trade agreements, Toyota said in a statement that its domestic business in Australia is no longer viable.
The move comes after Ford and General Motors both announced plans to kill off Australian automobile manufacturing. General Motors’ Holden brand said last year that it would stop manufacturing cars in the country by the end of 2017.
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