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Pull Out of Japanese Car Maker Toyota Latest Hit To Australia's Economy

Academics and trade unions are warning that Toyota’s decision to stop car manufacturing in Australia could push parts of the country into recession. The Japanese automaker said this week it will close its assembly lines in Australia by the end of 2017. Toyota’s announcement is the latest incident in what has been a terrible year for Australia’s once-flourishing car making industry. Last May, Ford said it would stop manufacturing in Australia, and General Motors...

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