Toyota Australia Posts Record Loss

Toyota Australia has this week joined Holden in announcing an unenviable record, confirming a $437 million loss for the last financial year - its worst ever. 

The news follows the May announcements of a biggest-ever $552.8 million loss for Holden and a $267 million loss for Ford - the blue oval’s second worst year on record.

Toyota confirmed in February that it would follow Holden and Ford in ending its Australian manufacturing program, described by chairman Max Yasuda as “a loss-making business despite our best efforts”.