The last Australian car factory has closed
- Holden (a GM subsidiary since 1931) ceased operations at its Australian plant in Elizabeth on October 20, 2017. It was the last car plant in Australia, Toyota having closing its doors in September 2017 and Ford in October 2016.
- As expected and announced for several years by local manufacturers, Australian car production has ceased to exist and the registrations in the country (about one million vehicles per year) will be sourced from abroad, through imports. A quarter of a century later, Australian automobile production followed the same path as its neighbor New Zealand, which abandoned its auto industry in the early 1990s.
- Manufacturers located in Australia have been faced with a relatively small, highly competitive, low-export market that encourages imports due to low import tariffs.
- In addition, the cost of production in Australia was one of the highest in the developed world and could not in any case compete with that of the neighboring countries of Southeast Asia.
- Incidentally, the end of auto production in Australia puts an end to the career of two legendary models, the Ford Falcon and the Holden Commodore, former stars on the local market.
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