Govt funds for industry: Nation building or white elephants?
ANALYSIS: Lessons from the demise of Australia's car manufacturing industry.
WATCH: NBR senior journalist Lachlan Colquhoun speaks with Maria Slade.
Back in 1970, Australia’s population was 12 million and the nation’s car industry produced 475,000 vehicles, almost all of them for the local market.
In 2023, the population had reached 26 million and 1.2 million new cars were sold. None of them were made in Australia.
The demise of the car
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