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More auto job losses while Rudd does nothing.

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- MEDIA RELEASE - SENATOR THE HON. ERIC ABETZ Deputy Leader of the Opposition in the Senate Shadow Minister for Innovation, Industry, Science and Research

Media enquiries: Brad Stansfield 0419 884 666 1

A0886 29th September 2008

More auto job losses while Rudd does nothing (Rome burns while Rudd fiddles)

Today’s confirmation that automotive parts maker Teson Trims will close, with the loss of 110 jobs, is a terrible day for all those involved.

It is also a sad indictment on the Rudd Labor Government which continues to fiddle while Rome burns.

Since being elected on the back of a promise to keep Australia as a country which “makes things”, the following auto industry jobs have been lost on Labor’s watch:

Mitsubishi 930

National Parts 300

Holden 531

South Pacific Tyres 600 Ford 350

Teson Trims 110

TOTAL 2,821

New car sales are down over 12 percent on the same period last year, putting increasing pressure on both car manufacturers and components suppliers.

Yet all Kim Carr and Kevin Rudd have actually done in the auto space since coming into office is increase a tax (the luxury car tax) by 30 percent, which will undoubtedly further depress sales, while providing tax breaks for more than 25 imported models.

The Bracks’ Review has been with the Government for over two months. The Government needs to urgently deliver its policy response to this review lest the damage be too great before they finally act.