3 Comments
0 TOYOTA
Toyota Australia Turns 2014 Loss Around With $194 Million Profit Photo:
0 TOYOTA
2015_2016_toyota_aurion_australia_14 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_24 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_09 Photo: tmr
0 TOYOTA
2015_2016_toyota_aurion_australia_10 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_28 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_11 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_16 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_06 Photo: tmr
0 TOYOTA
2015_2016_toyota_aurion_australia_03 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_33 Photo: tmr
0 TOYOTA
2015_2016_toyota_aurion_australia_15 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_25 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_02 Photo: tmr
0 TOYOTA
2015_2016_toyota_aurion_australia_18 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_27 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_12 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_17 Photo: tmr
0 TOYOTA
2015_2016_toyota_aurion_australia_04 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_32 Photo: tmr
0 TOYOTA
2015_2016_toyota_aurion_australia_17 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_22 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_01 Photo: tmr
0 TOYOTA
2015 Toyota Aurion - Australia Photo:
0 TOYOTA
2015_2016_toyota_aurion_australia_09 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_21 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_10 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_14 Photo: tmr
0 TOYOTA
2015_2016_toyota_aurion_australia_05 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_31 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_20 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_04 Photo: tmr
0 TOYOTA
2015_2016_toyota_aurion_australia_01 Photo: tmr
0 TOYOTA
2015_2016_toyota_aurion_australia_13 Photo: tmr
0 TOYOTA
2015_2016_toyota_aurion_australia_11 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_26 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_07 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_15 Photo: tmr
0 TOYOTA
2015_2016_toyota_aurion_australia_08 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_30 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_18 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_05 Photo: tmr
0 TOYOTA
2015_2016_toyota_aurion_australia_02 Photo: tmr
0 TOYOTA
2015_2016_toyota_aurion_australia_12 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_23 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_08 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_13 Photo: tmr
0 TOYOTA
2015_2016_toyota_aurion_australia_07 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_29 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_19 Photo: tmr
0 TOYOTA
2015_toyota_camry_australia_facelift_update_makeover_03 Photo: tmr
0 TOYOTA
2015_2016_toyota_aurion_australia_06 Photo: tmr
 
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
0 TOYOTA
 

Sell your car without the hassle.
Get an instant offer from areyouselling. FIND OUT MORE

 
Trevor Collett | Jun, 20 2015 | 3 Comments

Toyota Australia has posted its second profit in six years with the carmaker in the black for 2014/15 to the tune of $194 million.

This follows a record $437 million loss for 2013/14, largely a result of asset writedowns following the company’s decision to exit the Australian manufacturing scene.

Much of last year’s loss came from costs incurred as Toyota looks to wind up its Altona manufacturing facility, and the carmaker spent a further $66 million this year on the restructuring process.

The carmaker says effective cost management and strong sales have led to the turnaround for 2014/15, but warns more financial pain will be incurred in the run up to 2017 when local manufacturing of its Camry and Aurion models will cease.

Further asset write-downs and redundancy payments will make up the bulk of the expenses, but for now Toyota is patting itself on the back for a successful financial year (Japan’s financial year, which ends on March 31).

"Despite some difficult announcements during the past 12 months, our employees have continued to be committed and passionate," Toyota Australia President, Dave Buttner, said.

"It's been extremely pleasing to see everyone working together, especially as the company prepared for last month's launch of the new-look Camry."

Mr Buttner said the locally-built Toyotas were strong sales performers during the last financial year, with the Camry in particular dominating the medium car segment.

The Aurion however, much like the other offerings in the large car segment in Australia, has fallen from favour somewhat in the last two years.

Aurion sales were down 16.4 percent in May on the same month last year - which in itself was down 38.3 percent on May 2013 - and down 12.1 percent for the year to date.

This raises the question of whether Toyota will replace the Aurion post-2017, but the carmaker has yet to comment on the issue.

Fellow local carmaker Ford recently announced a loss for the 2014 calendar year of $191 million.

MORE: Toyota To Expand Hybrid Range, But No SUVs On The Horizon
MORE News & Reviews:
Toyota | Industry | Australia

 
TMR Comments
LOAN CALCULATOR
i
Latest Comments