Mohacsy's Safe Portfolio Member Forum

[elena_murooni]

I think it says $3.4 billion... you're a tad low? I couldn't see where it eliminated Toyota as part of the fund!! Locally (here in Scott Co), Toyota makes the Camry. They are very low profile, but have eliminated overtime for the first time.

But, this Austrialian cash comes in 2011 and "... Rudd said Australia would spend 3.4 billion dollars from 2011 to 2020 to transform the industry, including money for a "Green Car" fund to help automotive companies design and sell locally made, environmentally friendly cars.

Other funds would help consolidation in the auto parts sector and assist suppliers. When tied to previous support, the new package raised total industry backing from the government to 6.2 billion Australian dollars."

So, this is not 'current aid', but rather future aid to the industry as a whole?