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Government committed to strong automotive industry



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MEDIA STATEMENT SENATOR KIM CARR Minister for Innovation, Industry, Science and Research

Monday, 27 June 2011

GOVERNMENT COMMITTED TO STRONG AUTOMOTIVE INDUSTRY

The Government remains strongly committed to an economically sustainable automotive industry and to the livelihoods of the more than 200,000 workers employed in the manufacture and servicing and repairs of motor vehicles.

Mr Devereux’s comments reported today reaffirm his view that the automotive industry and its advanced technologies are central to Australia’s manufacturing capabilities and that a long-term and consistent policy framework is necessary to attract investment in the global automotive industry.

The Government is very aware of the need for investment certainty, especially given the long lead times for new model cycles. That is why we are implementing the $5.4 billion New Car Plan for a Greener Future until 2020.

The Government has met the major automotive manufacturers and restated its commitment to the sector and the other elements of the Government’s New Car Plan for a Greener Future. The Federal Chamber of Automotive Industries, of which Mr Devereux is President, has said that it was “reassured” by the Government’s commitment.

The $3.4 billion Automotive Transformation Scheme (ATS), which commenced on 1 January 2011, will help vehicle and component makers get cleaner and greener products to market. ATS participants have estimated that they will invest $4 billion in capital and innovation from 2011 to 2015.

The plan will strengthen the automotive supply chain by underpinning investment, building capability and expanding markets internationally.

Dialogue with industry is an essential element of the Plan. The Government continues to meet regularly with companies in Australia and with their global leadership to discuss the state of the industry and our economic and policy settings.

I will meet with Ford and General Motors in the United States this week and I plan to meet their regional management in China and with Toyota management in Bangkok later in the year.

Minister’s Office 02 6277 7580 Mark Durrant, Department 02 6213 7540 / 0403 137481