Posts Tagged “bailout”

November 10, 2008

Good News for Australian Car Industry!

Written by: David

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 ......

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