Australia’s domestic auto makers are looking to a global recovery to boost sales and production in 2010 that will offset an expected hit from a duty reduction to 5% on imported vehicles. Output from the country’s Big Three dropped to its lowest level last year since 1957. Toyota Motor Corp. Australia Ltd., GM Holden Ltd. and Ford Motor Co. of Australia Ltd. built 225,713 vehicles in 2009, down 30.3% from prior-year’s 324,118, according to Federal Chamber of Automotive Industries’ data. ...
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