Cutting car tariffs and opening the door to cheaper foreign models was the beginning of the end of Australia’s protected car industry. The failure of manufacturers and policy to scale up, innovate and focus on our world-class car components sector meant it was only a matter of time before the industry hit the wall, argues Roy Green.
Ford will commit $500 million to the Australian market in 2020 and is likely to hire more staff as global automotive giant General Motors prepares to quit by the end of the year.
US car manufacturer General Motors has announced plans to withdraw entirely from Australia and retire the Holden brand by 2021.
Fewer than five per cent of ex-Holden workers have found equal or better jobs after being made redundant when the Elizabeth plant shut down, a State Government-commissioned report says.