Oireachtas Joint and Select Committees

Thursday, 17 July 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Pre-Budget Submissions: Discussion (Resumed)

12:05 pm

Mr. Denis Murphy:

Mr. Gavin spoke about those in the haulage business leaving the country. I cannot see the car manufacturers staying the country for much longer. I cannot see companies such as Volkswagen Ireland, which is only hanging on, staying here. The car companies entered the Irish market based on higher unit sales. They have a big operation. I am sure Renault Ireland, Toyota Ireland and the rest all do the same. One cannot see them continuing to absorb the present costs based on the number of unit sales. It would not look good for the country if the car manufacturers upped sticks and moved - making the market in the Republic a division of Northern Ireland or Manchester. That must be on the cards. As Mr. Gavin states, it comes to a stage where the downturn has gone on for so long that those involved in sales cannot see an improvement. Something must change.