In 2017, the last car Australia built rolled out of a General Motors' plant in the city of Adelaide, ending seven decades of local automotive ...
SYDNEY: In 2017, the last car Australia built rolled out of a General Motors' plant in the city of Adelaide, ending seven decades of local automotive history and the belief that the country's factories could ever compete globally.
For many, the coronavirus has shown that the benefits of globalisation, namely low tariffs and cheap labour, are limited when the world economy grinds to a halt.That has prompted many in the industry to seriously consider bringing operations onshore, even if it means some costs go up. By the end of the century, however, production had largely drifted offshore as businesses and politicians embraced globalisation's upsides.
Norman said production could use 80 per cent local content by 2024. That bet is based on a belief that Australia already has most of the skills and materials needed to make items such as supercapacitors and fuel cells, even if the manufacturing scale is not there yet.
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