Holden push to lift exports - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
The Pub For General Discussion

LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 05-27-02, 09:09 PM Thread Starter
Registered User
Falchoon's Avatar
Join Date: May 2001
Location: Somewhere over the rainbow
Posts: 3,544
Read Holden push to lift exports

From The Daily Telegraph

ASSISTING research and development for Australian car companies could lift exports by at least $1.2 billion a year.

That's the finding from an Access Economics study which formed part of Holden's submission to a Productivity Commission hearing into car industry assistance.
The Access study shows that by switching industry assistance from production to R&D, extra net exports by Holden alone would average $1.2 billion a year between 2008 and 2012.

Other benefits of committing assistance to research would be an increase in company tax, lower car prices for Australian consumers, greater competition in the car market and increased use of labour and parts.

Access said by the final year of the assistance program in 2012, Australia's GDP would have risen by an extra $1.2 billion, with 6800 more people in jobs.

Private consumption would also be up $780 million, leading to a total improvement in economic welfare of $4 billion.

Holden's submission to the commission argues against reducing government assistance to the domestic car industry.

However, Holden argues that assistance should be redirected away from production and into R&D to maximise the positive economic effects.

Holden said Australia's car industry had now largely caught up with global industry practice under the reduced tariff regime.

This meant that any further reduction in assistance would have a negative impact on industry employment levels.

"Reductions in assistance translate, particularly in the short term, into less domestically produced cars sold and therefore less jobs producing them," Holden claimed in its submission.

Holden said job losses caused by lower assistance were likely to be concentrated in vulnerable areas and be felt more by older workers.

You know, somebody actually complimented me on my driving today. They left a little note on the windscreen. It said, 'Parking Fine.'So that was nice.

Falchoon is offline  
Sponsored Links

  Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > The Pub

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode

Similar Threads
Thread Thread Starter Forum Replies Last Post
Holden On To A Flawed Icon Aussie Falcon The Pub 23 11-19-03 10:22 PM
Practice 3 Friday results IRPACAUS Ford Racing Across the Globe 4 10-09-03 07:29 PM
THIRD SHIFT ADDS 400 JOBS at Holden Falchoon The Pub 7 07-08-02 11:46 AM
V8 Supercars Practice 1 & 2 JEM Ford Racing Across the Globe 1 04-26-02 10:54 PM
Bathurst updates Donut King The Pub 62 10-05-01 06:26 AM

Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome