‘Our car industry is doomed’

By on April 11, 2013

Holden worker

A former Ford boss has said the Australian automotive industry is attaining the end. Supply: Outfitted

FORMER Ford boss Jac Nasser says Australia’s automotive industry is doomed.

Mr Nasser, who had a 33-year occupation with Ford, along with three years as its chief govt in Detroit, said “it might be an extraordinarily unhappy day for Australia” if it not developed vehicles, “however sadly it seems adore it can be inevitable”.

“I was once confident or hopeful two or three years back, however the signs seem to be further hard now,” he said.

Mr Nasser, now the chairman of mining large BHP Billiton, additionally warned the availability base of Australia’s three automobile makers was once intertwined and it is going to be very tough for any to live to tell the tale if one automotive maker closed.

“As speedy as you have to have a discount in the scale of domestic manufacturing … you find yourself doubtlessly with a subscale supplier infrastructure, and as quickly as that occurs i think it’s a domino influence,” he said the day before today.

Mr Nasser stated a excessive Australian buck, extreme prices, extreme world automobile-building capability and susceptible Eastern and European currencies have been all dragging down the native industry.

He stated it used to be once disappointing that Australians were not extra patriotic about their car-making Change and the federal executive didn’t spend somewhat a little on it compared with its international rivals.


Information.com.au Trade Firms

You must be logged in to post a comment Login

Leave a Reply