Carr drives recovery – Ford bail-out package announced
From the Interceptor to Pricilla, Australian culture is all about the wide open roads, and the machines that drive them. So it’s no surprise that the Federal Government is focusing its attentions on the nation’s failing automotive industry – it’s a matter of national pride! (Even though there is no guarantee that the money will stay on Australian soil).
Industry Minister, Kim Carr (vrooooom) along with KevinPM have dedicated $13 million to Ford, and are investing a further $21 million to find research and design of a more fuel efficient motor.
The result is that Ford will not be shutting the doors of its Geelong motor manufacturing plant in 2010 as planned.
This follows the announcement of a $6.2 billion assistance package over 13 years, and $1.3 billion to be placed in a ‘green car’ fund. There are differing reports over whether the new Ford funding is sourced from the original $6.2 billion plan – but it is most likely a ‘parallel’ plan.
The ongoing operation of Ford’s Geelong plant is a sign of the “significant commitment” Rudd and Carr expected from the automotive industry when they announced the original plan. The move will save 1300 jobs; 400 at Ford and up to 900 at its component suppliers.
There are issues, however, with the new plan slightly contradicting the reasons listed by Ford to shut the plant in the first place. And there is still no commitment from the car company to keep it local and continue producing the Falcon in Australia.
According to Carr, this heralds a new era of collaboration between the unions, government and industry – following the current trend for modern industry and business to operate under a spirit of ‘fraternity’, rather than disjunction or competition - creating a strong and positive community.
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