Australian auto makers say a government plan to reduce vehicle import tariffs from 10% to 5% by 2010 will threaten the domestic auto industry’s ability to compete on a global scale. GM Holden Ltd. says the impact of further tariff reductions outweigh the benefits of new programs suggested in the recently released “Review of the Australian Automotive Industry,” ordered by Australia’s new Labor government and led by former Victoria Labor Premier Steve Bracks. With the government’s ...
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