New Car Manufacturing in Australia: Is the ship sinking?

[Peterwl]

Originally Posted by Transit Truck

Instead of the government giving them handouts, they should scrap all tax on local manufactured cars. All stamp duty and LCT.

They need to sell more cars, not receive handouts.

The government will still get it's share once profits are posted.

For those of us old enough to remember, Gough Whitlam done this in early 1974 when the Australian Auto industry was not travelling well.

As I recall, the sales tax on new vehicles then was 12%.

This was scrapped and re introduced at 1% per month.

I instantly went out and brought a brand new LH Torana V8 manual with genuine leather seats.