Toyota top vehicle producer, but far from cost-competitive, report finds.
Facing the termination of production by two of Australia’s three biggest automakers, a government study finds the industry has been hobbled by high labor costs and barriers to exports. The Productivity Commission's 81-page interim report on the auto-manufacturing sector says GM Holden, Ford and Toyota are producing well below the 200,000 to 300,000 units required annually for an assembly plant to be cost-competitive. The commission’s interim study, ordered before GM Holden ...
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