Toyota has closed its factory in Australia, ending more than half a century of the company’s auto-making in the country.
Toyota has closed its factory in Australia, ending more than half a century of the company’s auto-making in the country.
Australia’s automobile industry has been facing headwinds in competitions against its overseas rivals. Labor costs have increased, making it difficult for locally-made cars to compete price-wise. The country’s currency has stayed strong, pushing down the prices of imported vehicles.
