Wall Street Journal



Car Industry NewsTesla Motors CEO Elon Musk has described his company’s much-celebrated Model S electric sedan as additional of a sophisticated laptop or computer on wheels” than a car. Then the persons of Australia will know for certain the Automobile Industry will be secure, or to be gone, ahead of the election. Even though on the plus side for Geely they have had lots of expertise in the motor market already. My ideal guess is that the final rear drive Toyota created in Australia would have been a Corona in the eighties.

Although I have noticed other Chinese manufactured goods imported to Australia and fail due to negative ‘factory’ support I am of the opinion that the consequences of failure are too high for the Chinese Government to allow failure to be an alternative.

Even now, at its current level of the low $US90c variety, the exchange rate is hurting the local car industry. We could all be shocked at how quite a few folks do the same point as you when obtaining a car or truck. There has been knock on effects as a outcome of the economic downturn and car production has fallen over the final year with figures showing a 55% drop in manufacture over 2009.

That being mentioned, have been I a worker at Holden proper now I’d be hunting to retrain fast and get out of the business while the having is great. The intriguing sideline of this story is that the manufacture of these Black Cabs could be transferred to Australia.

Australia does not have the population base to assistance the level of manufacturing. That government subsidy for vehicle manufacturing gave us – offers us – jobs, automobiles, and capabilities. At this point of time Geely do not appear to have set the Australian Motor sector on fire.