Toyota has lost a staggering $700 million in three years, but is negotiating for more taxpayer dollars to build a new model in Australia.
A senior company insider has revealed to News Limited the scale of the loss, which equates to about $3500 for every car Toyota exported to the Middle East over the past three years.
In the same period, the federal and Victorian governments contributed almost $100 million to Toyota's manufacturing operations - $35 million to go towards the local production of the Camry Hybrid and a further $63 million to go towards a $330 million upgrade of Toyota's engine factory at Altona.
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