August 30, 2014 6:19 PM ET

Automobiles

Company Overview of Toyota Motor Corporation Australia Limited

Company Overview

Toyota Motor Corporation Australia Limited manufactures and exports passenger, four wheel drive and sports utility vehicles, and commercial vehicles in Australia. The company offers various accessories, such as oil filters, oils and lubricants, brake pads, fuel filters, spark plugs, air filters, clutches, shock absorbers, drive belts, mufflers, batteries, and tires. It supplies Camry vehicles to the Middle East, New Zealand, South Africa, and Oceania markets. The company was founded in 1958 and is based in Melbourne, Australia with additional offices in Altona North, Adelaide, Caringbah, Brisbane, Townsville, East Perth, and Darwin in Australia. Toyota Motor Corporation Australia Limited ope...

155 Bertie Street

Port Melbourne

Melbourne, VIC 3024

Australia

Founded in 1958

Phone:

61 3 9647 4444

Fax:

61 3 9645 1311

Key Executives for Toyota Motor Corporation Australia Limited

President and Senior Executive Director
Chairman Emeritus and Principal Policy Advisor
Executive Director
Executive Director
Executive Vice President
Compensation as of Fiscal Year 2014.

Toyota Motor Corporation Australia Limited Key Developments

Toyota Australia Announces Earnings Results for the Year Ended March 31, 2014

Toyota Australia announced earnings results for the year ended March 31, 2014. For the quarter, the company reported a loss of AUD 437 million (after tax; USD 411 million), compared to a net profit of AUD 144 million posted during the previous year. Sales revenues stood at AUD 8.4 billion, down from AUD 8.9 billion posted in previous year. A huge loss due to restructuring costs associated with the decision to exit vehicle manufacturing in Australia 2017.

Toyota Announces Management Changes in Australia, Effective from May 1, 2014

Toyota has announced an organisational change of its top management in Australia. Toyota has promoted the current president and chief executive officer (CEO), Max Yasuda, to the newly created role of chairman of the board, effective from May 1, 2014. The current vice-president and chief operating officer (COO), Dave Buttner, has been promoted to president of the company. As part of the role changes, Yasuda will oversee the board of directors and will provide independent advice to the leadership team, while Buttner will be responsible for all other operations.

Toyota Australia Rejects Joe Hockey's Assertion Workers' Union Behind Altona Closure

Toyota Australia rejected the Federal Government's claim that unions were to blame for the carmaker's decision to cease manufacturing in Australia. Toyota announced it would stop making cars in Australia at the end of 2017, blaming a combination of factors including the unfavourable Australian dollar, the high cost of manufacturing in Australia, as well as trade deals and the fragmented car market. Toyota announced it would stop making cars in Australia at the end of 2017, blaming a combination of factors including the unfavourable Australian dollar, the high cost of manufacturing in Australia, as well as trade deals and the fragmented car market.

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