Toyota's hard brake was a long time coming

Ultimately, there were too many factors beyond Toyota’s control. Nothing less than an ongoing blank cheque for subsidised production would have altered its decision to close.

While blame for Toyota’s decision to cease manufacturing cars in Australia will be directed at government and unions, the core realities that forced the decision are exactly the same as those that forced Ford and General Motors to the same conclusion.

The head of General Motors’ international division, Stefan Jacoby, summed it up best last month when he said it was impossible to build cars competitively in Australia and that no amount of government incentives could have saved GM Holden.


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