Toyota Australia has announced this morning that it will begin exporting engines to Thailand and Malaysia.
The best-selling car manufacturer in Australia expects that it will export 18,000 four-cylinder engines this year and will create 90,000 of these for use in its locally-made Camry and Camry Hybrid.
“Our employees have worked incredibly hard to secure the investment for the new engine plant and ensure that we are producing the best quality engines,” said executive director of manufacturing and purchasing Chris Harrod in a statement.
“The fact that we were able to secure new export markets in Thailand and Malaysia is testament to the quality of our work and the positive reputation Toyota Australia has amongst our affiliates,” said Harrod.
The demand for four cylinder cars at the expense of less-efficient six cylinders was highlighted earlier in the week when Holden’s chairman Mike Devereux said its Port Melbourne engine plant could close by 2020, with a significant cost required to overhaul its operations.
“You would need to retool that engine plant almost fully to be able to build something other than that V6," said Devereux.
Meanwhile, Research and Markets has found that Toyota’s HiLux was the most popular car in Australia in October of last year, with 3,403 units sold.