Australian Car Manufacturing Faces Extinction With Toyota Exit
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Automakers have been making cars in Australia since Ford Motor Co. began assembling Model Ts in a converted wool store near Melbourne. That’s poised to end in three years, when Toyota Motor Corp. shuts its production lines in Altona about 60 kilometers (37 miles) away.
About 50,000 jobs in the country’s auto and parts industry are in jeopardy after Toyota yesterday followed Ford and General Motors Co. in announcing plans to quit manufacturing in the country.