Holden's departure could spell the end of manufacturing in Australia
11 December 2013
Holden's departure from Australia may be the card that brings the nation's entire manufacturing house down, according to the University of Sydney Business School's Dr Stephen Clibborn and Professor Russell Lansbury, who have studied the sector extensively.
"The fallout from the downfall of the automotive industry could be greater than many anticipated," the two experts say. "This could possibly lead to the demise of the remaining manufacturing sector, leaving the Australian economy vulnerable when the mining boom inevitably ends."
"The world's car-making landscape has changed dramatically and perhaps Australia's should too." they say. "China's Geely owns Volvo, India's Tata owns Jaguar and with GM's departure, it may be time to look beyond American and Japanese companies and think of alternative futures for Australian automotive manufacturing."
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