We would be by far the richest country in the world if the profits from our exports stayed in Aus. Instead 100s of Billions a year head overseas and the sad thing about it is that our 4 big banks (majority foreign owned) have to go overseas to borrow 10s of billions to feed our insatiable appetite for credit (AKA living above our means) That's why our personal & household debt is $5.5 Trillion ; 3 times our GDP!
But back to cars: IMO we should be manufacturing the aluminium alloy parts for EVs (Cad/Cam) in optimally automated pants and supplying global auto markets. As such, these Aus added value exports would help to offset the growing Auto import bill.
