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NEWS
Toyota to continue 'transformation journey'
But remaining manufacturer anticipates Holden announcement will create 'unprecedented pressure'Toyota and the Federal Chamber of Automotive Industries have both expressed sympathy in response to Holden's announcement today that it will not build cars in Australia beyond 2017.
In a press release issued immediately after the Holden media conference, Toyota also noted that Holden's decision to pull out of local manufacturing would place even more pressure on the automotive parts supply chain in Australia – with ramifications for Toyota, which builds Camry and Aurion at its Altona plant, west of Melbourne.
Toyota will open new discussions with its suppliers and other stakeholders in the company's local production program, presumably designed to futureproof the sustainability for the suppliers and Toyota itself during the three years remaining between now and Ford's plant closure in 2016.
There seems little doubt that Toyota will forge ahead with building the facelifted Camry to be rolled out in 2015, but the Holden news casts a pall over the prospects of an all-new model scheduled for 2017.
The Toyota press release is reproduced below.
Peak body for the local automotive industry, the Federal Chamber of Automotive Industries, also issued a press release, conveying the sentiment that the thoughts of the staff and members of the FCAI "are with the workers and their families at this difficult time."
Toyota statement
"We are saddened to learn of GM Holden's decision.
"This will place unprecedented pressure on the local supplier network and our ability to build cars in Australia.
"We will now work with our suppliers, key stakeholders and the government to determine our next steps and whether we can continue operating as the sole vehicle manufacturer in Australia.
"We will continue with our transformation journey as planned."
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