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Toyota Australia to end its assembly operations by 2017

Snapshot: Toyota Motor Corporation has declared to end its assembly operations in Australia by 2017

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After the broody announcement by Ford and General Motors-Holden Ltd., the Japanese automaker, Toyota Motor Corporation Australia has declared to end its assembly operations in Australia. Toyota has been one of the world's top 3 car manufacturers and shockingly one of the very last car manufacturers in Australia. In a press meet, the Toyota officials said that the company is not willing to end its operations in the country but due to skyward manufacturing and labour costs have bound the decision. The automakers have recorded colossal losses in last few years due to the aforementioned reasons in the respective market. As a result, sadly, 1000 Toyota workers will lose their jobs.

Toyota started the assembly of vehicles in 1963 in Australia and this subsidiary has contributed a lot in company's worldwide sales achievements. The TMCA also achieved the milestone of rolling out 10th million Camry worldwide in 2005 from its Altona plant. Nonetheless, the end of the production will make a major effect on Australia's local manufacturing economy as Toyota has been left as last car manufacturer in the country.

Along with the production end, Toyota will also attenuate the operations of Toyota Technical Centre in Australia. The present portfolio consists 20 models which are varied in passenger, SUV and commercial vehicle segments. The company will completely shut its manufacturing operations by year 2017 in Australia, post which company will directly export its models from other plants settled in nearby countries to the Australia. Last year in May, Ford announced to cease its production in Australia by 2016 followed by GM-Holden who declared the same to be done by year 2017.

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