Australia’s only chance to keep car manufacturing going was to export but Detroit hamstrung both Ford and Holden in dictating their export markets.
The Japanese on the other hand didn’t tell Toyota Australia where they could export to and consequently they were the most successful of the local manufacturers. They were only forced to pull the pin because with Ford and Holden leaving the economics wouldn’t stack up as local parts suppliers couldn’t survive on one car manufacturer.
Yes but that comes back to the free market economy that isn't really free. Us little countries don't have the clout to force the issues so we open up our economies to the world whilst places like the US, Europe/UK and China maintain their protectionist stance and screw us over and over and over again.
Even NZ had a small car manufacturing industry and then in the late 80's and early 90's NZ basically transitioned to a free market economy where all tariffs and subsidies were dropped and fairly much whole industries disappeared overnight and now we just import **** for the most part and only export raw products and so we have lost the "value add" portion of the economy and we pay the price for those decisions every day.
NZ has high inflation but it is almost completely out of the control of our government because of "free trade" because for the government to regulate any industry it has to be very careful or it will break some clause in one or more of the many "free trade" agreements we have signed up.
Just like housing, govco added laws that only people living here can by property except a few exceptions (including you Aussies) otherwise we would be in breach of agreements signed previously.
Free trade agreements are bloody dangerous and really only benefit the larger economies in the agreements (like China and the US).