CANBERRA – Increasing global competition and falling domestic sales could mean the demise of Australia's automotive industry, The Melbourne Age newspaper says. Producing less than 1% of the world's vehicles, Australia's auto makers and suppliers are being “pummeled” by imports from South Korea, Thailand and China. A strong Australian dollar, rising oil prices and falling domestic sales of 6-cyl. vehicles also have shaken the industry. Sales of the Ford Falcon and Holden Commodore are ...
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