In potentially big news for the Australian car industry, a proposed $15 billion Federal Government fund to support manufacturing this week passed the Senate and into law.
The National Reconstruction Fund’s (NRF) purpose is to support Australia’s manufacturing base to make it less reliant on global forces, and to incubate local companies that need capital.
Plans include investing up to $3 billion in taxpayer money (through loans, equity investments, and guarantees) on…
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