Australia govt to activate car dealer finance plan

Newswire

SYDNEY, Aug 28 (Reuters) - The Australian government on Friday said a scheme to provide finance for car dealerships in the country would start from Sept. 1. The special purpose vehicle, known as OzCar, was needed so that remaining dealerships, that once got financing from General Electric and GMAC [GM.UL] dealerships, will have more time to secure ongoing financing, Treasurer Wayne Swan said in a press release. (Reporting by Wayne Cole; Editing by Denny Thomas)

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