Monday, February 10, 2014

Auto Manufacturing Down Under

I had no idea.
"Toyota announced it will shut down its Australian manufacturing by 2017. Quite simply, it's cheaper to manufacture elsewhere (especially here in the U.S.) and ship to Australia. The company had been trying to reduce its labor costs by amending contracts, but that got nixed by the country's court system. Toyota was the last of the automakers to announce that it is leaving Australia. Once it pulls out, Australia will have no consumer carmaker."
Via Ace of Spades HQ

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