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Toyota to Shut Australian Car Plants Ending Local Industry

Toyota Motor Corp. will stop building cars in Australia in 2017, spelling the end of the local industry after Ford Motor Co. and General Motors Co. announced last year they also plan to pull out.

The Japanese company, which started making cars in the country in 1963, cited high manufacturing costs, an elevated Australian dollar and low economies of scale. Toyota has 2,500 manufacturing employees in the country, it said in an e-mailed statement today.