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Title : Australia Marks The Death Of Its Automobile Manufacturing Industry -- Blame It On High Wages -- October 19, 2017
link : Australia Marks The Death Of Its Automobile Manufacturing Industry -- Blame It On High Wages -- October 19, 2017

Australia Marks The Death Of Its Automobile Manufacturing Industry -- Blame It On High Wages -- October 19, 2017

Some readers think the demise of the manufacturing industry in Australia can be traced back to the country's shift to renewable energy and the high price of energy in an energy-rich country. From Bloomberg:

As thousands of people attended an automobile rally in Australia’s blue-collar heartland on Sunday, many knew it was also a funeral procession for the nation’s car industry.

General Motors Co. will close its Holden factory in the South Australian suburb of Elizabeth on Friday, ending more than a century of car manufacturing in the country. Hundreds of workers will be left jobless, just weeks after Toyota Motor Corp. shut its plant in neighboring Victoria state, where Ford Motor Co. closed two sites last year.

The closures mark the end of home-grown icons such as the Holden Commodore and the Ford Falcon driven by Mel Gibson in the original “Mad Max” movie. But they also strike an economic blow, especially in the rust belt state of South Australia, where recent signs of recovery haven’t been enough to stop people leaving in droves.

If folks recall, it was South Australia that was most affected by the renewable energy push. The chickens are coming home to roost. 

And with that story, a new tag.

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Thus Article Australia Marks The Death Of Its Automobile Manufacturing Industry -- Blame It On High Wages -- October 19, 2017

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