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.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles