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 Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.