Toyota Motors Company Limited, a Japanese multinational automobile producer, has finally ended the 76-year long reign of Normal Motors because the world’s largest car manufacturer. These three factors make it not possible to profitably export cars, especially once you’re surrounded by Asia-Pacific countries that don’t want Australian-made vehicles as a result of they’re making their own — for one-quarter of the labour value.
Peugeot first opened its doorways as a family-run espresso mill firm in 1810 and ultimately started manufacturing bicycles in 1830, then salt, pepper, and occasional grinders in 1842 Armand Peugeot was excited about automobile manufacturing from early on and began producing vehicles in 1882.
Though two early cars had been exhibited at the World’s Columbian Exposition of 1893—the prototype Morrison electric and a gasoline-powered automotive from Germany—horseless carriages did not obtain much notoriety till the Chicago Times-Herald provided $5,000 in prizes to the winner of a spherical-journey race between Chicago and Evanston two years later.
If Australia could sell cars into the huge markets in Europe or North America we might have a chance — ignoring for a moment the hurdle of unfavourable trade rates — besides they have already got large overcapacity with too many automobile …