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Tuesday, 10 December 1974
Page: 3262

Senator McLAREN (SOUTH AUSTRALIA) - I direct my question to the Minister representing the Minister for Manufacturing Industry. Has the Minister seen reports of Mr Henry Ford's annual statement to the motor vehicle industry in the United States of America in which he has commented on the downturn in that industry? How does the Australian situation compare with the position of the motor vehicle industry elsewhere in the world?

Senator WRIEDT -I did hear the statement by Mr Ford, as broadcast on the 'AM' program this morning, in which he indicated that American production of motor vehicles is down quite dramatically on last year's production. This of course is a world wide trend. Currently registrations in Japan are running at only 50 per cent of the level at which they ran this time last year. I think that some 100,000 workers in the United States have been laid off in the motor vehicle industry. This is a world wide situation at present, in which the motor vehicle trade is depressed. I suppose that if there is one country which currently has escaped the brunt of that downturn it is Australia where, as late as October, motor vehicle registrations were still running at record levels.

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