Toyota to stop making cars in Australia from 2017

Mon, 10 Feb - 4:12pm

MELBOURNE, Feb 10 (Reuters) - Toyota Motor Corp 7203.T said on Monday it will stop making cars in Australia from 2017 following the planned exits of General Motors GM.N and Ford

.

"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," Toyota Australia President Max Yasuda said in a statement.

About 2,500 jobs will be affected when the plant stops building cars in 2017, the company said.

(Reporting by Sonali Paul; Editing by Matt Driskill)

((Sonali.Paul@thomsonreuters.com)(+61 3 9286 1419)(Reuters Messaging: sonali.paul.thomsonreuters.com@reuters.net))

Keywords: TOYOTA AUSTRALIA/CARS

URN: 
urn:newsml:reuters.com:20140210:nT9N0L204C:5
Topics: 
JP CARM CYCS AU CMPNY AUTO ASIA LEN RTRS NEWS1 BACT AUT REORG

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