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GM Plans To Leave Australia

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GM Plans To Leave Australia

Business

GM Plans To Leave Australia

GM Plans To Leave Australia

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  • <iframe src="https://www.npr.org/player/embed/250127872/250127853" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

General Motors says high costs and a small market were behind its decision to stop making cars in Australia by 2017. This is fueling fears Toyota will follow suit, effectively killing Australia's auto industry. The GM move could see up to 40,000 auto workers lose their jobs.

STEVE INSKEEP, HOST:

NPR's business news starts with GM's departure from down under.

(SOUNDBITE OF MUSIC)

RENEE MONTAGNE, HOST:

General Motors says it will stop making cars in Australia by 2017. And that is fueling fears that Toyota will follow suit, effectively killing Australia's auto industry. The GM move could see up to 40,000 auto workers lose their jobs.

INSKEEP: The company says high-cost and a small market were behind this decision.

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