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Labor's fairytale for the auto industry.



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20 March, 2007

LABOR'S FAIRYTALE FOR THE AUTO INDUSTRY

Kevin Rudd's plan for the Australian automotive industry is no more than 'Peter Pan politics' with promises of support lost in 'Neverland'.

In his keynote address to the Federal Chamber of Automotive Industries, Australian Minister for Industry, Tourism and Resources, Ian Macfarlane, will tonight outline how Howard government support is helping industry now.

"Through the Automotive Competitiveness and Investment Scheme, this Government is providing over $7.2 billion to 2015 to the Australian automotive industry," Mr Macfarlane said.

"This assistance is here and now - not two elections away - and is providing the automotive industry the certainty and support it needs.

"Labor's hastily cobbled together 'green car fund' won't deliver one dollar until at least 2011. Even then, it will do little to assist local industry or lower greenhouse gas emissions.

"The Australian government is already helping the automotive industry reduce emissions through practical measures such as improved fuel quality and higher fuel consumption targets for new vehicles.

"Through ACIS, vehicle manufacturers are supported to undertake R&D into environmentally friendly technologies. Labor's promised subsidy is worth only half of what is available through ACIS now.

"With the Howard Government's car plan, one thing's for sure - you don't have the uncertainty of waiting until 2011."

Mr Macfarlane will use tonight's keynote address to discuss the challenges and opportunities facing the Australian automotive industry. Tonight's speech will be available online at www.minister.industry.gov.au.