The Australian auto industry is in shock after the Labor government abruptly cancels the A$500 million ($499 million) Green Car Innovation Fund and A$394 million ($393 million) Cash-for-Clunkers program to help pay recovery costs after massive floods across Queensland cause A$5.6 billion ($5.6 billion) in damages. “It is a bitterly disappointing decision, and one which is to be regretted,” Federal Chamber of Automotive Industries CEO Andrew McKellar says in a statement. “The Green Car ...

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