Car Subsidies

[#Metro]

http://www.greenleft.org.au/node/39768

Despite TMC's profitability the federal government announced on June 10 that it would give A$35 million towards the production of 10,000 hybrid Camry cars at its Altona operation. Friend of big business, Victorian premier John Brumby also chucked in $34 million of taxpayer money.

The most recent cash gift to Toyota is not an isolated case of government subsidies to the motor industry, Gooden continued. For decades, Coalition and Labor governments have shovelled billions of dollars into the pockets of transnational companies under the guise of "keeping jobs in Australia and strengthening the economy".

Federal government subsidies are delivered through a range of schemes such as the Automotive Competitiveness and Investment Scheme, the Cooperative Research Centre for Advanced Automotive Technology, fringe benefit tax concessions for company cars, tariffs and additional state government grants like the one mentioned above.

These hand -uts are now complemented by the $500 million Green Car Innovation Fund, a new subsidy announced by PM Rudd on World Environment Day, to be available from 2011.

Subsidies left, right and centre... 

[#Metro]

Automotive Competitiveness and Investment Scheme

http://www.ausindustry.gov.au/Manufacturing/AutomotiveCompetivenessandInvestmentSchemeACIS/Pages/Automotive%20Competiveness%20and%20Investment%20Scheme%20%28ACIS%29.aspx

Green Car Innovation Fund
http://www.ausindustry.gov.au/Manufacturing/GreenCarInnovationFund/Pages/GreenCarInnovationFund%28GCIF%29.aspx

Description: On 24 April 2009 Minister Carr opened the Green Car Innovation Fund for applications.

The $1.1 billion GCIF will provide assistance over ten years, commencing 2009-10, to Australian companies for projects that enhance the research and development and commercialisation of Australian technologies that significantly reduce fuel consumption and/or greenhouse gas emissions of passenger motor vehicles.

Grants are provided at a ratio of $1 of government funding for every $3, of eligible expenditure, contributed by the grantee.

Any spare PT uses for $1.1 billion?

Not sure what this next one is about or is supposed to do, maybe someone else can shed light on it?
Automotive Transformation Scheme
http://www.ausindustry.gov.au/Manufacturing/ATS/Pages/AutomotiveTransformationScheme%28ATS%29.aspx

http://minister.innovation.gov.au/Carr/Pages/ANEWCARPLANFORAGREENERFUTURE.aspx

[#Metro]

Prime Minister Kevin Rudd says Labor wants to provide the car industry in Australia with long-term certainty and formally announced a multi-million-dollar funding commitment for beyond 2020.

An extra $500 million will be available for the industry from 2016-2020, with $300 million a year promised on an ongoing basis from 2020.

http://www.abc.net.au/news/2013-08-17/labor-vows-to-support-car-industry-with-funding-commitment/4894158

[#Metro]

300 million per year? Wouldn't that run the entire QR operation?

[SurfRail]

I really wish this industry would just die a natural death already.  It is a massive misallocation of public funds.