The Australian government cuts A$200 million ($180 million) from its Green Car Innovation Fund for the second time this year, leaving it well short of the A$1.3 billion ($1.2 billion) originally promised. The Federal Chamber of Automotive Industries says the latest cut to the fund – it took back A$200 million in its May budget as well – sends a dangerous signal to global auto makers regarding the government’s support of manufacturing in Australia. “The industry is certainly concerned ...
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