Quote:
Originally Posted by Sprintey
I think you mean domestically owned, that's true. The Ford buildings up at North Shore look like they were a real auto industry, as does the old Pilkington Glass building. I reckon there would have been some Australian ownership of component suppliers and engineering contractrors, etc. So there was an industry.
Carbon Revolution, sounds Aussie owned, at least until listing.
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There is plenty of manufacturing here, yes, but no real Australian owned car company, unless you count guys like brabham.
Manufacturing happens in many countries and parent companies shut down factories all the time. This is not something unique to Australia.
Most manufacturing gets done in low labour cost countries, hence the popularity of Thailand and EV in China. Wage growth in Australia hasn't helped the situation. Not a huge factor but a factor nonetheless. Unions and employees at Holden were never happy and always wanting more benefits and higher income.