Why You Need Automotive Manufacturing S5 E13

In this insightful video, we delve into the reasons behind the exit of automotive manufacturing industry from Australia and the significance of having a vibrant automotive manufacturing industry. The video highlights the strategic importance of having a robust manufacturing base that can potentially pivot to manufacturing other products during times of conflict. The manufacturing base provides an avenue for skill development and for investment in other areas of manufacturing. With a strong automotive manufacturing industry, collaboration between universities and research institutes can be fostered as it encourages innovation and progress. Additionally, a strong automotive manufacturing industry contributes significantly to the tax base, which has a knock-on effect on investments in other sectors of the economy. The video touches on why the automotive manufacturing industry left Australia, citing reasons such as the high cost of doing business, the small domestic market, and the lack of government subsidies. It also highlights the significance of having an automotive manufacturing industry, not just for the benefits mentioned above, but also for the creation of jobs and the associated economic benefits that come with it. Overall, the video underlines the vital role played by an automotive manufacturing industry in terms of creating jobs, developing skills, encouraging investment, and building the tax base. Further, it highlights the critical need for governments and businesses to work collaboratively to create policies that encourage growth in the industry, thereby boosting Australia's economy and supporting its strategic interests. This information on this site is intended as a general reference for Internet users. It is made available on the understanding that Talking Automotive with Mark & John, as a result of providing this information, is not engaged in providing professional advice. Viewers & Listeners should seek their own advice re undertaking any commercial actions. All information in this site is provided "as is", with no guarantee of accuracy, timelineBecome a supporter of this podcast: https://www.spreaker.com/podcast/talking-business-with-mark-and-john--5696935/support.