While Ford has decided to pack its bags and move out in three years, Holden and Toyota are staying and will remain committed to Australia. That's their word, at least for now.

This reassurance comes in the wake of a massive blow to Australia's car manufacturing industry, which in recent times have been viewed by many as a dying industry. The Ford bow out poses a big problem more for the car parts suppliers that employ a bigger number of workers compared to the big car manufacturers.

In 2016, Ford will stop manufacturing cars in Australia which will equate to hundreds of local jobs lost. Ford announced on Thursday that it incurred an annual loss of $141 million. The positive thing here, if it can be considered as such, is at least Ford has given three years allowance to make room for effective transition.

Both Holden and Toyota reported huge annual losses as well.

But Mike Devereux, Holden chairman and managing director, would rather stay positive and believe that the industry is capable of surviving.

Holden has expressed his intent to invest $1 billion in Australia. He said he plans to produce two new car models in the next ten years,

"(It) has already adjusted in large part, given Ford's relatively low production volumes," Mr Devereux said in a statement.

He delivered his message during the launching of Holden's new Commodore vehicle, which makers describe as the most technologically advanced vehicle yet manufactured in Australia.

Meanwhile, industry giant Toyota said it also intends to stay. The car company is even highlighting the new $330 million engine production facility they opened in December. This facility is meant to cater to demands of not just the local market but the Asian buyers as well.

"Manufacturing is an integral part of Toyota's Australian business," the company said in a statement. It also underscored the importance of the industry to the overall well-being of the Australian economy.

Ford, Holden and Toyota have all received "billions of dollars in government assistance in recent years, including the current federal commitment of $5.4 billion to the entire car industry until 2020 under the New Car Plan."

Richard Reilly, Federation of Automotive Product Manufacturers chief executive, said that Ford's decision to move out is an overwhelming blow to the car industry which directly employs an estimated 50,000 people.

This number will get even bigger, according to the Australian Bureau of Statistics, taking into consideration those who will get indirectly affected like the workers in car and parts retail and wholesale industry.

Meanwhile, Prime Minister Julia Gillard committed $10 million on Thursday while the Victorian government pledged $2 million to aid those who will be affected in the automotive supply chain.