by Alan Thornhill
Although new vehicle sales have risen strongly over the past year, local car makers have seen their market shares slide
That has forced Ford, to declare 440 of its staff redundant.
The lay offs are to be equally divided between Ford plants at Broadmeadows and Geelong.
The strong $A has been making life difficult for local car makers – and other local manufacturers – by making imported products cheaper.
Australian motorists have responded enthusiastically.
The Bureau of Statistics reported that local car dealers chalked up 91,375 sales last month.
While this seasonally adjusted figure was 0.6 per cent, down on the results for May, it was still 18.4 per cent above the comparable figure for June last year.
The Bureau noted, though, that, while sales of passenger vehicles, like cars, fell in June, sales of sports utility and other vehicles had risen.
Australian manufacturers, though, are deeply worried about the strong $A.
The chief executive of the Australian Industry Group, Innes Willox, said Ford’s decision had, once again, reflected the “very tough” conditions these manufacturers now face.
He said both the government and opposition must mow develop manufacturing industry policies.
Alan Thornhill is a parliamentary press gallery journalist.
Private Briefing is updated daily with Australian personal finance news, analysis, and commentary.
Wednesday June 19
The Dow Jones index rose 138.38 points to 15,318.20
Rudd supporter Joel Fitzgibbon says Labor “Leadership is no longer an issue, it’s all behind us.”
Former Tasmanian Federal MP, Michael Hodgman, affectionately known as “the mouth from the south” dies at 74
US and the Taliban plan peace talks
Holden chief asks his Adelaide workforce to take a pay cut to help its assembly plant remain viable.
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|Aud To Usd||0.954||N/A||N/A|
|Bhp Blt Fpo||32.990||+0.300||+0.92%|
|Nat. Bank Fpo||30.040||+0.300||+1.01%|
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