BREAKTHROUGH INVESTMENT FOR THE CAR INDUSTRY

22nd December, 2008

The peak body representing the Australian automotive industry, the Federal Chamber of Automotive Industries (FCAI), has hailed GM Holden’s announcement that it will produce an all-new small vehicle in Australia as a positive step forward for the industry.

“This is a breakthrough for Australia’s vehicle manufacturing industry,” FCAI Chief Executive Andrew McKellar said.

“The announcement highlights just some of the possibilities that exist for Australia to produce more fuel-efficient vehicles and to introduce opportunities for the uptake of new technologies in locally-made cars,” he said.

“GM Holden’s announcement represents an early dividend for the government’s new car plan, announced only last month,” Mr McKellar said.

“It is clear that the new policy arrangements, in particular the Green Car Innovation Fund, have been critical in securing this investment decision,” he said.

“It is a tremendous confidence boost for the industry and for Australian manufacturing that we can secure this sort of investment in the current global economic context,” Mr McKellar said.

For further information contact:
Sheena Ireland, Communications Manager
P: 02 6229 8221
M: 0458 038 555
E: sheena.ireland@fcai.com.au

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