CANBERRA – The Australian government is nearing an agreement with the automotive industry here to cut vehicle tariffs from 10% to 5% after 2010. Holden CEO Peter Hanenberger Published reports say domestic auto makers and Federal Industry Minister Ian Macfarlane are discussing a tradeoff, whereby the federal government would maintain funding an A$2.8 billion ($1.6 million) Automotive Competitiveness and Investment Scheme. The scheme provides A$400 million ($223 million) ...

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