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Pull Out of Japanese Car Maker Toyota Latest Hit To Australia's Economy Source： Release date：2020-06-16 14:44:38 Label：

Automobile manufacturing in Australia is in trouble. Japanese automaker

Toyota recently decided to stop manufacturing cars in the country.

Industry experts and trade unions are worried the decision could push

parts of Australia into recession.

Last May, Ford Motor company said it would stop manufacturing in

Australia. General Motors announced late last year that it also plans to

suspend factory operations in the country.

Toyota says more than two thousand of its workers will lose their jobs,

but trade unions say the company's decision to end production could

leave 50,000 Australians jobless. They say the decision could take $19

billion away from the Australian economy, the states of Victoria and

South Australia would be hurt the most.

- Vehicles speed past a Toyota dealership in Sydney.

Australia's car manufacturing industry was once very strong. In recent

years, Australia produced about 200,000 vehicles a year for sales at

home and for export. The industry spent more than $540 million on

research and development.

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