Someone predicting no more holden with ford just behind
Crisis means curtains for Holden: expert
Australia's car industry will not survive the economic recession, and Holden will probably be the first to go, an industry expert says.
Editor of the car buyers Dog & Lemon Guide, Clive Matthew-Wilson, said the Australian car manufacturer is poised to shut down for good because it can no longer compete in the global market.
Holden signalled the beginning of the end when it recently halved production at its South Australian plant, he said.
In early April the company announced that from May 4 it will reduce production at its Adelaide plant from about 600 vehicles a day to 310, citing reduced demand in domestic and export markets.
"Australia's car factories are losing money on every vehicle they make," Mr Matthew-Wilson said in a statement.
"No amount of incentives from the state and federal governments can solve this basic problem.
"It's not a matter of whether they close down, but when they close down."
He said Holden will be the first to go, followed by Ford and then Toyota.Crisis means curtains for Holden: expert
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