Quote:
Originally Posted by boxhead
Yes the knock on effect will hurt hard as well.
Companies like Pilkington Glass, Air International, Bosch etc etc have all just lost 1/3rd of there market.
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Quote:
Originally Posted by Legless
With a third of the market for the chain of supply gone there's going to be huge ramifications. Supply chain businesses and even Toyota and Holden wont have the benefits of economy of scale. As they say "the writings on the wall..." last one out turn out the light because we can't afford the friggin power bill either  . |
They haven't lost 1/3rd of their market, nothing like it - those suppliers have known for years the likelihood of this happening (as has any well informed citizen) and have diversified. Sensible suppliers have established good auto component markets in India and Asia generally, and even in the USA, and/or high-tech component supply contracts in medical and other fields.
Here are some more facts: Australia subsidises the auto industry to the tune of $18 per person of the population; in America it is $280 and in Sweden it is over $300.