Toyota Australia pulls the plug on TRD performance brand
December 19th 2008 22:30
Despite leading the Australian automotive market for the sixth successive year in 2008, Toyota Australia has announced the demise of the TRD performance brand, blaming the global economic crisis for the cease in operations, effective March 31, 2009.
Senior Executive Director, Toyota Australia, David Buttner said: "Toyota has a responsibility to ensure its core business activities, and the people who rely on them, are protected for the long term.
"However, the perspective has changed for business globally and those new rules require tough decisions for the greater good.
"This is one of those decisions."
"However, the perspective has changed for business globally and those new rules require tough decisions for the greater good.
"This is one of those decisions."
Toyota has delivered a total of 888 TRD vehicles as of November 30, 2008 - 537 TRD Aurion and 351 TRD HiLux. The Australian-designed and built TRD had been five years in planning with the first vehicle, TRD Aurion, was launched 16 months ago, followed by TRD HiLux.
Existing owners and prospective buyers of TRD vehicles have nothing to worry about - they will still be covered by Toyota's new-vehicle warranty and the company would guarantee the continuing supply of parts to meet its legal obligations. All seventeen Toyota employees involved in the TRD operation will be reassigned to other departments within Toyota.
"With the realities of the financial crisis and the downturn in consumer confidence, companies worldwide have an overriding responsibility to do their utmost to conserve cash - and Toyota is doing just that.
"The decision to move TRD's focus from vehicle conversion was made with the best interest of its customers and its network in mind.
"In the current circumstances the decision is correct and the outcome will be positive." said David Buttner.
"The decision to move TRD's focus from vehicle conversion was made with the best interest of its customers and its network in mind.
"In the current circumstances the decision is correct and the outcome will be positive." said David Buttner.
[Source: Toyota Australia]
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