CANBERRA – Although the Australia government has approved an auto industry assistance package worth about A$4.2 billion ($2.4 billion), plus additional incentives for research and development, it disappointed auto makers in deciding import tariffs on cars will be cut to 5% in 2010. Tariffs already are set to fall from 15% to 10% in 2005. The opposition Labor Party and the unions say the tax cut will cost the industry thousands of jobs with no net benefit to the economy (see related story: ...

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