....''As soon as you have a reduction in the scale of domestic manufacturing - let's assume one of the three decide to exit Australia in terms of manufacturing - then you end up potentially with a sub-scale supplier infrastructure. And once that happens, I think it's a domino effect.''He then neatly spelled out the challenges facing the car industry: ''You've got an exchange rate that's at . . . a 30-year high, you've got higher costs in Australia, you've got excess capacity in the automotive industry worldwide, you've got a very weak currency in Japan, and you've got a weak Euro. And when you put that mix together it's very difficult then to expect a relatively small but talented Australian automotive industry work its way.'' (here).
Doesn't bode well for the future.
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