Fed: Bracks to deliver long-awaited car industry report today

AAP General News (Australia)
08-15-2008
Fed: Bracks to deliver long-awaited car industry report today

The long-awaited review of Australia's car industry .. by former Victorian premier
STEVE BRACKS .. will be released in Melbourne today.

MR BRACKS' report .. which was handed to the federal government late last month ..

is expected to recommend the government takes a soft approach on reducing tariff protection
for the industry.

It follows the closure of Mitsubishi's manufacturing operation in Adelaide earlier
this year .. and calls by other car-makers for the government to increase support for
the industry.

The car tariff was due to be cut from 10 per cent to five per cent in 2010 .. but it's
expected the report will recommend tariff reductions of one per cent a year .. as the
sector grapples with a high Australian dollar and rising petrol prices.

The report also is expected to recommend an expansion of the 500-million-dollar green
car fund .. and further taxpayer assistance for car-makers.

AAP RTV jrd/fdf/psm/

KEYWORD: CAR (MELBOURNE)

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