Toyota axes TRD

After just 888 sales, and 18 months, Toyota has been forced to close its high-performance TRD division in Melbourne.

No jobs will be lost but Toyota yesterday admitted that, with no prospect of a major sales increase for more than a year, it was forced to cut is losses.

"We've had to make a tough decision. It was costing us more than it was returning," TRD chief, Peter McGregor, said.

The TRD division was supposed to apply tasty sauce to the vanilla mainstream of the Toyota vehicle line, but its first product, a supercharged V6 Aurion, could not compete with rivals from Holden Special Vehicles and Ford Performance Racing. It was also hurt by a recall for engine problems in the first three months.

The second TRD model, based on the HiLux ute, has done better but not generated enough sales to take the sub-brand into the black.

Add Your Business

List your business

for more exposure
and more traffic!

Sydney

[ Change ]

Today

Min: 11°
Max: 19°
Rain developing.

Tomorrow

Min: 13°
Max: 17°
Rain at times, easing.

Account

Login

To access your account and listings

About Daniel Kertcher

Daniel Kertcher established Platinum Pursuits in 2001 as a vehicle in which to share his knowledge of strategies to use the financial markets to grow wealth, with the aim of achieving financial freedom by making your money work for you.

His argument is that until you become financially literate and develop a method where you're able to get a reasonable return on your capital (i.e. making your money work for you), you will instead be forever working hard for your money.

Daniel Kertcher personally achieved financial freedom at a relatively young age, through his knowledge of property and then financial markets investing. Through using Options and leveraged instruments such as CFDs, Daniel developed a system to trade the markets where he could benefit from the leverage when the trade went in the direction he predicted, and hedged his positions so that there was a limited downside risk.

Some people in the past have criticised Daniel's message of striving for financial freedom in a high-risk environment such as trading derivatives. However, it is not Daniel's or Platinum Pursuits' goal to encourage everyone to trade the financial markets. Every kind of investing contains an element of risk, so this level of education is aimed specifically for those who want an understanding of professional trading techniques and strategies that they hope to apply to their own capital, and it is absolutely true that many people are not yet in a position to invest a chunk of their savings.

To be truly financially literate, it can pay to explore all the options available when you are in a position to try to get ahead in life. Daniel currently presents free introductory seminars nationally on selected dates from February to November.

Find Hunter Valley accommodation online