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Prime Minister Opens New Toyota Engine Plant In Altona

TOYOTA COMMITS TO AUSTRALIAN MANUFACTURING FUTURE The dollar was supposed to drop today. That’s the accepted economic wisdom on a day following a downward revision of interest rates. But it didn’t drop. The Aussie dollar is now the


TOYOTA COMMITS TO AUSTRALIAN MANUFACTURING FUTURE

The dollar was supposed to drop today. That’s the accepted economic wisdom on a day following a downward revision of interest rates.

But it didn’t drop. The Aussie dollar is now the third most-traded currency on the planet. Our strong economy – ‘strong’ in a relative sense: because most of the rest of the world is struggling to stay out of the toilet – is to blame. 

And for every day that the dollar stays high, Australia’s manufacturing sector takes a little more pain.

Mr Yasuda acknowledged the support of the Federal and State Governments who contributed $63 million to the commissioning of the new engine plant under the Rudd-Government’s Green Car Innovation Fund.

"The new engine plant is a significant milestone for Toyota Australia. It enables us to maintain our workforce and further develop our technologies, skills and products so we can continue building engines and cars in Australia for many years to come,” Mr Yasuda said.

“Many years to come…” – those words will bring cheer in equal measure to Prime Minister Gillard and Victorian Premier Baillieu, as well as Toyota’s Altona workforce.

The plant will go into full production from 14 January 2013 and produce approximately 450 engines per day.

Toyota Australia has been building cars in Australia for almost 50 years, has now notched up one million in exports sales, and by year’s end will have built its three millionth locally-manufactured vehicle.

Tim O'Brien - TMR Managing Editor

 

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