$30 MILLION HIT TO CAR INDUSTRY
11-July-2011
The Chief Executive of the Federal Chamber of Automotive Industries (FCAI), Andrew McKellar, said Australian manufacturers are “bleeding from the eyes” and things are going to get much worse under the Gillard Government’s carbon tax.
Today the Treasurer couldn’t say how a carbon tax would affect Australian made cars. Mr Swan, the Australian car industry will pay an extra $30 million[1].
The Government has ignored the fact that our car industry is trade exposed, making imported cars cheaper and more attractive to the consumer.
Australian car makers will now be forced to increase their prices as their competitiveness is undermined.
Holden CEO, and President of the FCAI, Mike Devereux, has previously warned that the future of his company and its 4,700 jobs in Australia is now under review because of concerns about sovereign risk – including as a result of the looming carbon tax.
Miss Gillard’s carbon tax is bad for manufacturing, bad for jobs and bad for investment. Her carbon tax is putting a tariff on Australian car makers, and Australian manufacturers, making them less competitive.
The Labor Party has turned its back on Australian manufacturing and generations of Labor-voting workers.
[1] Figures sourced from the FCAI