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GM Plans To Leave Australia

Dec 11, 2013
Originally published on December 11, 2013 8:10 am
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STEVE INSKEEP, HOST:

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

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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. Transcript provided by NPR, Copyright NPR.