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Car Industry Reassured by Government Guarantee

The peak body representing the Australian automotive industry, the Federal Chamber of Automotive Industries (FCAI), has been reassured by the guarantee from the Australian Government that it will not seek further reductions in support to the industry.

The industry met with Prime Minister Julia Gillard and Innovation Minister Kim Carr in Canberra on Wednesday to highlight the importance of the automotive industry to the Australian economy.

“It was good to meet with the Prime Minister and have the opportunity to reinforce the commitments the Government had previously made to the industry as well as highlight the need for certainty in the future”, FCAI Chief Executive, Andrew McKellar said.

“Public private partnerships underpin the industry in every automotive manufacturing economy and this co-investment has developed an industry that directly employs more than 50,000 people with the capability to design and engineer world-class vehicles for Australia and global markets,” he said.

“The vehicle manufacturers and component suppliers can be reassured by the confirmation from the Australian Government that no further policy changes will be made,” Mr McKellar said.

“Australia is competing with dozens of other vehicle manufacturing economies and the guarantee provided by the Prime Minister gives the industry a basis to work to continue to attract new investment,” he said.

For further information contact:
Sheena Ireland, Communications Manager
P: 02 6229 8221
M: 0458 038 555