GM and Toyota may follow Ford\u2019s lead and shut plants in Australia \u2013 Quartz<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Nandagopal J. Nair writes: The biggest drag is is a strong Australian dollar, which is making local manufacturing uncompetitive compared to imports. Over the past 12 months the currency has traded about 30% above its three-decade average. Its strength has pushed up manufacturing costs, making Australia the third most expensive country to do business in, … <\/p>\n
Continue reading “GM and Toyota may follow Ford\u2019s lead and shut plants in Australia \u2013 Quartz”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,5],"tags":[290,306,1315,2204],"class_list":["post-8381","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-economy","tag-australia","tag-automakers","tag-exchange-rate","tag-manufacturing-2"],"yoast_head":"\nGM and Toyota may follow Ford\u2019s lead and shut plants in Australia \u2013 Quartz - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GM and Toyota may follow Ford\u2019s lead and shut plants in Australia \u2013 Quartz - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Nandagopal J. Nair writes: The biggest drag is is a strong Australian dollar, which is making local manufacturing uncompetitive compared to imports. Over the past 12 months the currency has traded about 30% above its three-decade average. 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The loon pond that dominates Australian business media is out in force with soothing words that Australian car manufacturing needs to be let go gently into that good\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Productivity","src":"https:\/\/i0.wp.com\/www.macrobusiness.com.au\/wp-content\/uploads\/2013\/05\/Capture67-300x124.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8890,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/12\/21\/why-australian-manufacturing-is-dying\/","url_meta":{"origin":8381,"position":1},"title":"Why Australian manufacturing is dying","author":"ColinTwiggs","date":"December 21, 2013","format":false,"excerpt":"The following graphs from the Productivity Commission Preliminary Report on Australia\u2019s Automotive Manufacturing Industry give an insight into the problems facing Australian manufacturers. The first graph compares average hourly labor costs for auto-manufacturers in different countries. Australia is second-highest (behind Germany), in terms of labor cost per hour, and roughly\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13726,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/12\/21\/why-australian-manufacturing-is-dying-2\/","url_meta":{"origin":8381,"position":2},"title":"Why Australian manufacturing is dying","author":"ColinTwiggs","date":"December 21, 2013","format":false,"excerpt":"The following graphs from the Productivity Commission Preliminary Report on Australia\u2019s Automotive Manufacturing Industry give an insight into the problems facing Australian manufacturers. The first graph compares average hourly labor costs for auto-manufacturers in different countries. Australia is second-highest (behind Germany), in terms of labor cost per hour, and roughly\u2026","rel":"","context":"In "Market Insights"","block_context":{"text":"Market Insights","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/market-insights\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1082,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/03\/manufacturing-is-getting-murdered-macrobusiness-com-au-macrobusiness-com-au\/","url_meta":{"origin":8381,"position":3},"title":"Manufacturing is getting murdered – macrobusiness.com.au","author":"ColinTwiggs","date":"October 3, 2011","format":false,"excerpt":"The raging recession in Australian manufacturing is worsening. The PMI dropped to a new cycle low, having been in effective recession for over a year. The internals of the survey are very nasty. 10 out of 12 sectors are shrinking..... via Manufacturing is getting murdered - macrobusiness.com.au | macrobusiness.com.au.","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52883,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/05\/16\/made-in-australia\/","url_meta":{"origin":8381,"position":4},"title":"Made in Australia","author":"Colin Twiggs","date":"May 16, 2024","format":false,"excerpt":"The Australian labor market remains tight, even with unemployment rising to 4.1% in April. The trend (light blue) is at 4.0% -- still well below its pre-pandemic low of 5.0%. The economy is growing, with aggregate hours worked rising to 1,962m in April. The trend (light blue) still points upward.\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Unemployment","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-05-15-aus-u3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-05-15-aus-u3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-05-15-aus-u3.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":55279,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/07\/04\/asx-lifts-on-iron-ore-rally\/","url_meta":{"origin":8381,"position":5},"title":"ASX lifts on iron ore rally","author":"Colin Twiggs","date":"July 4, 2024","format":false,"excerpt":"The ASX 200 rallied on the back of a strong US overnight performance and an upsurge in iron ore prices. Rising Trend Index troughs signal buying pressure. The ASX 300 Metals & Mining climbed off the floor after an extended test of primary support at 5600. Boosted by an upsurge\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ASX 200","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-07-03-xjo.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-07-03-xjo.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-07-03-xjo.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/8381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=8381"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/8381\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=8381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=8381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=8381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}