Australia's
car industry has once again sought help from the federal government, requesting a halt on current import tariff reductions as well as increased
funding for an industry assistance program and new green car initiative. The
announcement was made in the Federal Chamber of Automotive Industries (FCAI) response
to changes in the government's recent review of the industry to be unveiled in
July.
Toyota has managed to rack up one million sales of its petrol-electric
Prius hybrid since the car first went on sale in Japan in late 1997. At
the end of April this year, Toyota said it had sold 1,028,000 Prius
units worldwide, with 100,000 even managing to find homes in
anti-hybrid Europe. Hybrid sales in Australia have never been high
despite Toyota’s popularity here, but with fuel prices continuing to
edge higher the situation may soon change.
Toyota’s appeal for a case it lost last year against American company Paice LLC has been rejected by the U.S. Supreme Court, which means the Japanese giant will now have to pay Paice up to $4.3 million in damages for using infringing technology in its Prius hybrid.
As the Victorian government leads the charge to keep tariffs at current level to protect the industry’s competitiveness against the cheap labor and materials available in foreign markets, the manufacturers themselves are asking for a broader and more inclusive - and better financed - subsidy program for environmentally-friendly vehicles. A more straightforward approach to funding, inclusion of non-hybrid vehicles and a greater total allotment of money are the key points of the car makers’ requests.
Toyota is looking to take advantage of the green image its
Prius petrol-electric hybrid vehicle enjoys by building upon the ‘Prius’ name
and launching a new family of eco-friendly vehicles under it. Japanese
executives have mentioned in the past that such an idea was under consideration
and latest reports confirm the next-generation Prius, due to be unveiled at
next year’s Detroit Auto Show, will come in several different flavours.
It appears even Toyota, the industry’s top-selling carmaker
by volume, couldn’t avoid the combined profit gouging effects of an economic
downturn, rising material costs and a slowing global economy that have
negatively affected most major carmakers. Early this morning the Japanese car
giant reported a loss of nearly 30 percent in profit compared to last year.
As motorists feel the pinch of constantly rising petrol
prices, the Australian car industry is looking for more fuel-efficient
solutions. Toyota’s experience with hybrid drivetrains gives it an edge in that
search, and as the company finalizes its plans to build a hybrid in Australia,
it looks like the Altona plant is the front-runner for production.
In March the Toyota Corolla snatched the top sales spot from
the long-lived king of sales, the Holden Commodore. For April, Toyota has once
again claimed top honors but this time with its HiLux ute.
The rising cost of food, petrol and interest rates means
fewer buyers are willing - or able - to make the leap involved in buying a new
car. The Federal Chamber of Automotive Industries' sales report for April shows
the numbers are down by almost eight percent.
Toyota has announced that it will be joining the Aussie Racing Cars Super
Series, with its TRD Aurion joining the long-running brawl between the Holdens
and Fords that have been long favoured. The announcement marks a milestone for
the Aussie Racing Cars Super Series, With Toyota being the first manufacturer to
directly support one of Australia's biggest races.
There are 43 items tagged with Toyota. You can view all our tags in the Tag Cloud
Seen something interesting you would like to share? Send your video clips, photos and story ideas to This e-mail address is being protected from spam bots, you need JavaScript enabled to view it and we’ll publish the best stories for the whole of Australia and the world to see.