Yeah it is but what we had in this country was Holden (owned by GM), Ford, Toyota and Mistusbishi building locally. Ford first decided to pull out with 5 or 7 years notice because the US parent said they had to, but they offered to leave a design team here because they understood the Falcon was iconic to this part of the world and the Aussies were designing for local conditions, something that their other engineers couldn't do. So they offered to keep a team and build everything in Thailand or Malaysia or something. Then GM saw what Ford were doing, figured they didn't need the Holden brand name which had been iconic here since the 40's. They were using plants in Japan and the like too so they figured they'd buy the Commodore and rename it because Holden had done a huge deal with several police departments in the US. Then Ford and GM got together and begged the government for a hand out, which most saw for what it was, a bribe to stay in the country. One government handed out some cash, the next government said no and both Ford and GM had no choice but to pull out and ship jobs and building to Asian ports.
Mishitibus and Toyota went more quietly and without the begging but they had to go when they realised GM and Ford weren't staying because too much shit was imported and with only two companies the shared things all companies use like airbags, brakes etc etc all became more expensive.
