The End of Australia’s Car Industry Is Nigh
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Despite exporting 70,000 cars a year, Toyota is closing its last manufacturing plant on Australian soil. A combination of bad business, bad governance and a bad industry environment has made it impossible for the stalwart of the industry to soldier on.
The car manufacturing industry has been subsidised in Australia since 1948, but when the subsidies came to an end under the Abbott government, so did the industry.
Toyota exits as our most successful vehicle exporter, having sent 1.3 million cars overseas. The last car, which rolled off today, takes the total number of Toyotas made here over five decades to 3,451,115.
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