How the Car Manufacturing Industry is Reacting to the Recent Economic Downturn
How big is the car manufacturing industry in Australia? What is the state of the car industry? Car manufacturing is a key sector in the economy of both Western Australia and New South Wales, supporting thousands of jobs. Over the last few years, the number of vehicles on the road has declined, however as the economy recovers car manufacturing is expected to grow strongly through to the future.
Manufacturing in Western Australia consists of two types of industries, High-value Manufacturing (HVMM) in Perth and Mild Steel in Western Australia’s Low Income Industry (LSI). In both cases, the main components manufactured are from locally produced steel and aluminum, with other components such as motor parts coming from worldwide sources. However, the majority of components in these factories are manufactured in China and India. There has been a dramatic increase in the number of vehicles on the road in recent years, but …
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