It has been announced that Australia’s automotive industry is also losing out from the global financial crisis. This became apparent when the Federal Chamber of Automotive Industries (FCAI) announced their latest sales figures. It is hoped that the RBA’s recent interest rate cut will help to boost car sales.
In FCAI’s VFACTS bulletin, around 79,000 cars [...]

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Federal Industry Minister Kim Carr has shown great confidence in the future of manufacturing despite a wave of job losses, dismissing worries about long-term viability as a furphy.
Manufacturing has suffered a series of hits in the past year with big job losses in the automotive industry along with cuts at Boeing’s Melbourne plant.
 Senator Carr [...]

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