Unfortunately however we have now had to make the painful decision, the end of production of cars by the end of 2017,” Akio Toyodo, President and CEO of Toyota Operations, told reporters. Last year Ford and General Motors said they would cease production in Australia.
Toyota’s move effectively marks the end of the carmaking industry in the country. Australian Prime Minister Tony Abbot had appealed to Toyota to stay. The leader of the opposition said the decision was an “unmitigated disaster”.