Australians continue to buy new vehicles at a record pace, as January sales rose 6.9% to 82,270 units from year-ago. The domestic industry topped 1 million sales for the first time last year. But with this week’s announcement Mitsubishi Motors Australia Ltd.’ will close its Adelaide car plant that builds the 380 large sedan, resulting in the loss of 930 jobs, the Federal Chamber of Automotive Industries cautions the domestic market faces significant competitive challenges in the year ...

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