Australian vehicle production is set to take a hit with both Ford and Toyota announcing reductions, but for different reasons. Ford will lay off 240 workers from its 3,400-strong Australian workforce in mid-July. It also will cut production 20% at its Melbourne plant from 260 vehicles a day to 209, due to slowing sales of its locally built large cars. Toyota, the runaway Australian market leader, is being forced to slow output by 50% because of a shortage of parts after the Japanese ...

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