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Toyota to pull out of Australia

Posted: Tue Feb 11, 2014 5:31 pm
by kevm14
http://www.autoweek.com/article/2014021 ... dailydrive

This is a thing that's happening and I first heard about it with Holden. That allays my fear, at least for Holden, that the intent is just to manufacture cars somewhere less expensive.

Re: Toyota to pull out of Australia

Posted: Wed Feb 12, 2014 6:04 am
by bill25
Hey maybe car manufacturing will come back here! It seems like it started to a little bit already.

Re: Toyota to pull out of Australia

Posted: Wed Feb 12, 2014 6:53 am
by kevm14
I found it kind of interesting that one of the things cited was the strong Australian dollar. That translates to their money being worth a lot, relatively. So it takes more foreign dollars to get the same "stuff" (labor, etc.). So if no one can accord to manufacture there, what does that do to their economy? I suppose they have to figure out some other industry.

http://en.wikipedia.org/wiki/Australian_dollar