Many within the automotive industry blame the previous government’s plans to change the FBT regime for a drop in car sales in October.
Some of the workers from the Caterpillar plant in Burnie will work at the factory in Thailand that took jobs from their own plant.
A confidential leaked report by chair of South Australia’s Advanced Manufacturing Council has detailed plans on how the state might cope with the closure of Holden’s Elizabeth factory, which could happen as soon as 2016.
The end of manufacturing for Holden at Elizabeth would be disastrous for SA, costing $1.24 billion and 13,200 jobs according to economic modelling from the Adelaide University.
Mining equipment manufacturer Caterpillar will cut 200 jobs from its Burnie plant in Tasmania’s north-west.
Holden’s workers will get a 3 per cent wage increase beginning on November 15 as the federal government decides on a new cash injection to keep the car company manufacturing in Australia.
A new report commissioned by the Federal Chamber of Automotive Industries claims that the auto sector’s disappearance would cost Australia’s GDP $7.3 billion and 40,000 jobs.
Australia should not overstate the importance of supporting its embattled automotive sector, according to influential consultant and academic Professor Hermann Simon.
The Tony Abbott government has inherited the ongoing problems of the car industry which Australian governments have attempted to address for decades. It is caught between economic liberal critics of industry assistance and those arguing for its strategic importance, Liz van Acker writes.
The Productivity Commission has officially begun a study into Australia’s auto industry and revealed the terms of the investigation.
Toyota sold 7.41 million vehicles globally for the first nine months of the year and has retained its position as the world’s top-selling car maker.
UK luxury automaker Bentley has reduced its water usage by 35.7 per cent over the previous year at its headquarters in Crewe.
There are fears that a Holden ending its manufacturing operations in Australia would lead to a recession in Victoria and South Australia.
South Australian premier Jay Weatherill has said that the departure of Mike Devereux, Holden’s managing director, has made negotiations between the car maker and governments for further assistance more difficult.
Heavy-duty truck company Kenworth Trucks will cut jobs from its plant at Bayswater, in suburban Melbourne.
US automotive replacement parts retailer Advance Auto Parts Inc is buying General Parts International Inc, for $US2.04 billion in cash.
The UK government is attempting to encourage youths to consider a career in manufacturing through its See Inside Manufacturing program, involving Formula One company McLaren.
Toyota Australia has announced that it will offer a round of voluntary redundancies, with 100 workers to leave the company’s Altona manufacturing plant at the end of November.
The economic contribution made by General Motors Holden to South Australia has lessened since 2011 according to research by two economists, but a shutdown would still come at the price of up to $1.2 billion and 13,000 jobs.
Auto maker Chrysler is to invest more than $US1.2 billion in two Mexican plants to build commercial vans and engines for export.