Mexican Media Brands
Australia's Demand for Locally Made Cars Falls 15%
Sales of domestically produced cars and light trucks in Australia slid to 118,500 units in 2013 from 139,800 in 2012, according to the country's Federal Chamber of Automotive Industries.
#economics
Share
Sales of domestically produced cars and light trucks in Australia slid to 118,500 units in 2013 from 139,800 in 2012, according to the country's Federal Chamber of Automotive Industries.
The record decline supports decisions announced last year by Ford Motor Co. and General Motors Co. to phase out local manufacturing in 2016 and 2017, respectively. The market for Australian-made vehicles has plunged more than 40% in the past seven years as sales of lower-cost imports soared.
Toyota Motor Corp., the country's only other local producer, agrees with analysts that the pullouts by GM and Ford appear likely to destroy Australia's automotive supply base.
RELATED CONTENT
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.