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Article: TOYOTA'S PLAN TO BUILD HYBRID CAR IN AUSTRALIA MAY BOOST EXPORTS.
- Article from:
- AsiaPulse News
- Article date:
- June 10, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CANBERRA, June 10 Asia Pulse - Toyota's (TSE: 7203) plan to build a hybrid car in Australia will result in other companies racing to embrace green technology and new export opportunities, industry insiders say.
Prime Minister Kevin Rudd will visit Toyota executives at the car giant's international headquarters in Nagoya today and is expected to announce the production of a hybrid Camry at the company's Altona plant in Melbourne.
The next-generation Camry is due to come on line in 2010.
The Australian Manufacturing Workers' Union (AMWU) said the deal was good news for Australia's export future.
"Any announcement regarding the production ...