Toyota May Close Altona Engine Plant

Japanese carmaker Toyota, one of the most battered (on several fronts) carmakers of 2009 is reportedly considering two options for its Australian Altona engine plant: either retool it and get it ready to receive production of the new-generation engine of the 2012 Camry, or shut it down and send all 300 workers home.

According to GoAuto, the management of the plant is trying its best to convince the upper management of the company to invest for the retooling.

I unde… (read more)