After Ford and Holden, Toyota will most likely exit the Australian market by 2018 as a result of a decision taken by the Federal Court.

After Ford and Holden, Toyota will most likely exit the Australian market by 2018 as a result of a decision taken by the Federal Court.

The Federal Court of Australia has blocked Toyota's intentions of asking its factory workers to vote on modifications regarding shift flexibility and overtime bonuses. This pretty much means the company will not be able to meet the stringent cost-reduction targets necessary to secure funding for the 2018 Camry.

Toyota has been trying to cut 3,800 AUD from the costs of manufacturing the Camry, a sum which represents about 15 percent of the production costs. Changes regarding workplace agreement as well as supplier cost reductions were very important for Toyota Australia to maintain their targets and after the Federal Court's decision to block any changes, a 2018 exit is virtually confirmed. A formal decision is expected until mid-2014.

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Toyota's Australian exit in 2018 very probable after Federal Court ruling