The peak body representing the Australian automotive industry, the Federal Chamber of Automotive Industries (FCAI), has welcomed the release of a discussion paper from the Australian Government's Review of the Automotive Industry.
"This review provides an important opportunity to take stock of the contribution that the automotive industry makes to the Australian economy and to ensure that we are well placed to take advantage of future opportunities," FCAI Chief Executive Andrew McKellar said.
The Australian automotive industry is a key source of innovation and design capability, investing around $700 million on research and development every year.
"The reality is, Australian car makers are designing and producing vehicles at world standard, not just for the local market but also for export to the world," Mr McKellar said.
Last year Australia exported more than 140,000 cars and we have an opportunity to build on that success in the future.
"It is essential that the outcome of the review provides the certainty and stability in policy settings necessary to secure ongoing investment in model development and production in Australia," Mr McKellar said.
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