Carmakers in line for extra $2bn after Bracks review
Aug 16th, 2008 | By David Harper | Category: AustraliaThe Australian: Australian carmakers will get $3.5 billion in government assistance over the next decade - $2 billion more than currently anticipated - but will be forced to compete with cheaper imported cars under recommended changes likely to form the basis of the Rudd Government’s new plan for the sector.
The long-awaited automotive review from former Victorian premier Steve Bracks said the Government should ignore pleas from the car industry, unions and state governments for continued tariff protection and proceed with scheduled tariff cuts from 10 per cent to 5 per cent in 2010.