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Auto News Articles - Toyota may pull out of Australia due to soaring dollar
News Article
Toyota may pull out of Australia due to soaring dollar
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Source: Japan Today
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Date:10/29/2007
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Source Link: Click Here |
Toyota Motor Corp is considerig a withdrawal from the Australian market as rising interest rates have pushed the Aussie dollar to record highs. While Toyota has warned that its departure could result in the loss of thousands of jobs, Australian Federal Industry Minister Ian Macfarlane remained steadfast against government intervention.
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