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Article: Green car industry plan not in Focus.
- Article from:
- Australasian Business Intelligence
- Article date:
- July 26, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mark Skulley and Louise Dodson
Jul 26, 2009 (The Australian Financial Review - ABIX via COMTEX) -- Government plans to foster a more environmentally sound car industry have been upset by the retraction of Ford Australia's decision to make the four-cylinder Focus in Australia. Management says it would not be profitable to produce the car domestically. Government funds of $A40 million were to have been contributed to the project. Ford will instead spend $A230 million on enhancing the fuel-efficiency of ...