COVER STORY: Australia’s motor industry on the edge of the abyss*

About 1,100,000 new motor vehicles are currently sold in Australia each year. This is, by any measure, a significant automotive market. And yet the local industry builds, for domestic and export sales, a mere 210,000 units — about the same number that it produced in 1957. At its peak in 1974, the Australian motor industry built more than double the number of units than it did in 2012. Australian production has fallen to the level of over half a century ago, when the market was less than a…

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