CANBERRA – Australian auto makers are aiming at a production rate of 500,000 vehicles annually over the next decade, providing the federal government maintains its support for the industry at present levels. The top executives of the four car companies, which currently produce 350,000 vehicles annually, recently told Prime Minister John Howard the renewal of current funding levels for the Automobile Competitiveness and Investment Scheme after it expires in 2005 is key to ...

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