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Viewing entries tagged with 'Australia'
Luxury Car Tax: 4 Things You Need to Know
The future of the controversial LCT will be decided early 2017. The Government is considering to abolish the tax and whether exemptions should be made for efficient passenger vehicles.
Australians capitalize on affordable, luxury Cars
With the European financial crisis, it has been possible for hundreds of Australians to import the supercar of their dreams from the UK, at a considerably discounted price.
Will Toyota Australia survive?
As previously reported 2013 witnessed Holden, otherwise known as General Motors and Ford, announcing that they were going to shut down their Australian car manufacturing industry. The head of General Motors International Operations admitted that manufacturing cars in Australia was “impossible” regardless of any assistance provided by the Government.
Holden closes down its manufacturing plants in Australia
The Australian economy is forecasted to lose 50,000 automotive jobs
Following our blog post on the future of the Australian car manufacturing industry, General Motors has released important news today, confirming that Holden manufacturing plants in Australia are going to be shut down.
What does the future hold for the Australian car manufacturing industry?
Figures recently released in a car industry report by the Allen Consulting Group show how the Australian automotive manufacturing industry could die in 2018. As a result, Australian economy would be AUD21.5 billion smaller.
A debate concerning subsides arose: should government continue to sustain the car manufacturing industry or not? Currently automotive manufacturing in Australia receives AUD500 million from the government, resulting in the Australian economy being AUD21.5 billion larger. Therefore, the report states that government funding is beneficial; however there are some that affirm taxpayer support should be cut from struggling industries.