At last some good news to report for the Australian car industry!

Kevin Rudd announced today a $6 billion package to safeguard the car industry in Australia.  Whilst significant assistance was expected following the Bracks review, the size of this ‘bailout’ has come as quite a surprise to many industry experts.

The package, intended to stem further job losses in manufacturing as well as steer the industry towards a more eco-friendly and sustainable future has won support from unions, car makers and consumers across the ......

Well figures released today confirm what most in the industry had been expecting.  A big fall in new vehicle sales for October.

Precisely 79,105 new vehicles were delivered in October down 11.4% on the year below.  Year to date, sales are down just 0.9% compared with this time in 2007.  Of course we all know why the sudden drop - the global economic downturn is making Australians have second thoughts before making such a purchase.

It’s interesting to ponder whether people are forgoing these purchases because ......