Supposedly the buildings and finances were restricting them from modernising the plant. They were focused on cost cutting for many years. So it might have needed a large investment to ensure a solid future?
Even Labor these days dont seem to go for govt ownership.
Maybe we should have annexed a geographical area of australia as a special territory, where award wages were indexed to that of china etc, given immigration rights for people with skills in the auto industry to gain citizenship to that territory only, and shifted ford toyota holden and the parts industry there, and competed on the global export market with global cars.

