UPDATE 1-Australia urged to maintain auto subsidies to 2015

Newswire

(Adds auto industry comment) CANBERRA, June 27 (Reuters) - Australian government subsidies to the nation's auto sector should be extended for five to 10 years as import tariffs drop, but the industry should stand on its own by 2015, the Productivity Commission said on Thursday. In its preliminary report on options for auto sector aid beyond 2005, the government's principal review and advisory body on microeconomic policy said the subsidy should continue as a transitional measure as the ...

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