Toyota Australia opens a A$330 million ($346.2 million) state-of-the-art engine plant, making it the first Australian auto maker to produce both gasoline and hybrid engines. The 226,042-sq.-ft (21,000-sq.-m) facility in Altona, west of Melbourne, will build 108,000 4-cyl. 2.5L engines annually for Toyota’s locally built Camry and Camry Hybrid sedans. About 15% of the output will be exported to Thailand and Malaysia. The new engine boasts significant improvements in fuel ...
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