The automotive components supply industry is becoming energized to ensure it is able to compete in the global market place. The overall strategy underpinning a continuing robust automotive manufacturing industry in Australia focuses on ensuring that the components sector meets global best practice standards on a range of measures, supported by tailored government policy settings. In understanding what is happening and what needs to happen, we must keep in mind that this sector is comprised of both multinational companies (MIMC) and Australian market only suppliers. It is also important to note that OEMs and suppliers alike are ultimately dependent on the maintenance of a viable local supply chain for survival in this market.
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