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 ...
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.
"If you look at it over time, we have been running down our manufacturing and we're at this point of inflexion - we're saying maybe we shouldn't be doing that," said Drew Woodhouse, a Sydney-based consultant at Bain & Company who looks at supply chain issues. "We have a lot of confusion about how to get investment approved here," Liveris told Reuters."So we have to adopt a business-friendly environment to attract foreign direct investment to an economy that can punch above its weight in terms of quality research and quality technologies."Scarred by critical shortages during World War Two, Australia expanded its factory sector in following years, heavily protected by tariffs.
Brendan Norman, the company's chief executive who previously worked on hydrogen cars in China, expects a prototype to be ready later this year and production to start in 2022. The operation is looking to employ 100 people by the end of this year, which could ramp up to 5,000 by 2025. Visy Industries, a recycling and packaging company, expanded into glass manufacturing in a deal worth almost AUS$1 billion .
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