AN auto industry bailout plan worth $6bn has been welcomed as the possible saviour of thousands of jobs as well as good news for car buyers.
Prime Minister Kevin Rudd announced a $3.4 billion lifeline for the industry today, doubling federal assistance to more than $6 billion over the next decade and a half.
Under the plan, A New Car Plan for a Greener Future, the Government has more than doubled the $500 million Green Car Innovation Fund recommended in the federal inquiry into the industry led by former Victorian premier Steve Bracks.
The reduction of the automotive tariff to 5 per cent will
go ahead as planned in 2010.
Australia.

Toyota have created a environment of excitement for the
dealers and employees. Holden employees seem a little in the dark still
on future plans. Lets hope for the Australian consumer alternative
fuel cars and vehicles will become a serious option sooner than later.






