New Camry A Welcome Boost For Domestic Production

On launching the new seventh generation of its Camry mid-size sedan, Japan's Toyota Motor has announced a local version of the model will be built in Australia. This is good news not only for Toyota's plant in Altona, Victoria, but also Australia's overall vehicle production industry, which BMI expects to fall 8% in 2011. Up until 2010, output had been on a downward spiral since Mitsubishi Motors withdrew to leave just three carmakers producing in the country. We now expect the supply chain disruption resulting from the Japanese earthquake and tsunami in March, coupled with severe flooding earlier in the

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