Funding offer aimed at securing future for local production, such as GM Holden’s new Trax CUV.
The Australian Labor government is promising A$500 million ($451 million) guaranteed by legislation in new funding for the country’s auto industry if its wins re-election Sept. 7. The money is in addition to a separate A$200 million ($183.7 million) assistance package committed to by the government after it abruptly changed the fringe benefits tax rules for cars used for private and business purposes that saw lease companies immediately begin laying off staff amid a flood of ...
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