Manufacturing News

Toyota committed to local hybrid Camry

While Toyota has announced huge global losses, the future of its Melbourne manufacturing base is still strong.

Acording to a Toyota Australia, production of the new hybrid Camry is still on target to start at the beginning of 2010.

The world’s largest automotive manufacturer announced a review of its international investment plans last week following it’s worst ever annual loss of about 436.9 billion yen ($A5.82 billion) as car sales slump in the wake of the global financial crisis.

The figures were far worse than expected and underlined the difficulties that have led Toyota to cut production at its sites around the world.

Toyota Australia says it’s in a strong position having secured the production of the hybrid Camry and is still fully committed to that project.

As part of last week’s financial results it was also announced that the company would accelerate its next generation of technologies, particularly its hybrid technologies.

The new Camry will be the first hybrid produced in Australia and it remains a great car for the future.

However, some doubts remain about the company’s engine plant on the site, which employs 300 of Toyota’s manufacturing workforce of about 3500 in the production of four-cylinder engines used in its current Camry model.

Toyota’s executives in Melbourne have been trying to persuade the Japanese parent company that the site should continue engine production for the next generation of Camrys, which are planned for 2012.

That commitment would bring about $135 million in investment to Victoria, although there is fierce competition from other Toyota plants that produce Camry engines, including Toyota’s low-cost Thailand plant, which would be able to export engines to Australia duty-free thanks to the free trade agreement.

Leave a Reply

Send this to a friend