The future of Australia's car industry looks increasingly uncertain, with Holden chief Mike Devereux saying the company will decide after the election whether it will continue manufacturing cars here. As Industry Minister Kim Carr pledged a further $200 million of unspecified funding for car manufacturing, and Toyota announced it would invest $123 million from 2015 to develop a facelift for the Camry, Opposition Leader Tony Abbott stood by his decision to cut $500 million from support for the industry.
Kim Carr says the Coalition's policy would force Australia's car makers to shut down. Senator Carr said the Coalition's policy would force Australia's car makers to shut down. ''Their policy would see the end of the automotive industry in Australia,'' he said. ''Automotive manufacturing around the world is very, very difficult at the moment. Do we want an automotive industry in Australia or don't we?''
