Toyota will stop making cars in Australia by 2017

Toyota Motor Corporation employees (in red, R) are interviewed in front of the Altona Toyota manufacturing plant in Melbourne on February 10, 2014. Toyota on February 10 said it will stop making cars in Australia in less than four years, banging the final nail in the coffin of country's auto industry, despite appeals to stay by Prime Minister Tony Abbott.

First it was Mitsubishi, Ford, and a car company called Holden. Now Toyota says it will stop making cars in Australia, by 2017. The BBC's Phil Mercer joined us from Sydney to give some perspective.

Click play on the audio player above to hear the whole interview.

About the author

David Brancaccio is the host of Marketplace Morning Report. Follow David on Twitter @DavidBrancaccio

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