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Mitsubishi Motors

Mitsubishi Motors Corporation was formed in 1970 from the automotive division of Mitsubishi Heavy Industries and is part of the Mitsubishi keiretsu, formerly the biggest industrial group in Japan. Popular models include the high-performance Lancer.

Toyota will close its Altona plant in Melbourne in 2017. Photo: EPA

Australia loses last carmaker as Toyota plans exit by 2018

Toyota Motor will stop making cars in Australia in less than four years, it said yesterday, banging the final nail in the coffin of the country's vehicle industry, despite appeals to stay by Australian Prime Minister Tony Abbott.