Biggest single co-investment received was A$188 million to GM Holden for launch of Cruze production.
Australia’s three auto makers, GM Holden, Ford and Toyota, have received A$4.5 billion ($4.7 billion) in government funding over the past 12 years, with nearly half going to the General Motors subsidiary, a news report reveals. The figures were published partly as a result of a dispute between the Australian Financial Review and the federal government over confidential documents inadvertently released to the newspaper that detail industry aid. The A$2.2 billion ($2.3 billion) in ...
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