If General Motors was forced into Chapter 11 bankruptcy, the US government could have to lend it about US$30bn to help it through or risk a series of failures in the auto industry, a leading bank has said.
GM could need the $30bn for debtor-in-possession loans to pay operating expenses under bankruptcy protection restructuring, Bank of [...]

Industry welcomes ‘creative solution’
The $2 billion dollar bailout package for dealership finance will not save all dealerships admits the Treasurer of the Commonwealth.
Wayne Swan has made it clear only qualifying viable dealerships will be eligible for the assistance.
“The SPV will be designed to support viable businesses,” Swan warns. “It will not seek to provide an [...]

The economic crisis has come crashing down on Australian car sales, with 20,434 fewer vehicles being sold this November against 2007.
Official VFACTS data released yesterday by the Federal Chamber of Automotive Industries (FCAI) shows that 71,647 cars, trucks and light buses were sold in November - down 22.2 per cent compared to the same month [...]

The Reserve Bank has cut the official interest rate by 100 basis points to 4.25%, the lowest point since May 2002.
It is the fourth consecutive rate cut in as many months, as the bank attempts to cushion the slowing economy from recession.
The bank has now slashed 3% from the official cash rate in the past [...]

BREAKING NEWS FORD will continue operating its Geelong engine plant, saving 1300 jobs – 400 at Ford and up to 900 among its suppliers.

 “$21 million will be invested in plant and equipment and further investment will go towards engineering the inline-6 engine to meet the stringent Euro IV environmental standard,” Federal Industry Minister Senator Kim [...]

Last week’s announcement by the prime minister of the automotive manufacturing industry policy to go through to 2020 came at a critical time for the local car industry which has had a difficult few years with a strong exchange rate and rising fuel prices.
Naturally most of that policy is focussed on the car makers, [...]

As a long standing opponent of a national Fuelwatch scheme, VACC is pleased the proposal has been rejected.
The legislation has been defeated in the Senate.
“While the Government may decide to re-introduce the proposed scheme at a later date, for now, the message is clear. Fuelwatch is finished,” VACC Executive Director, David Purchase said.
“This is a [...]

The Board of CAMS has appointed the Commission Chairs for 2009. In making these appointments, the Board has reappointed the Chairs of the Australian Motor Racing Commission (AMRC), Australian Rally Commission (ARCom) and the Australian Historic Commission; and has appointed a new Chair for the Australian Off Road Commission (AORCom).
The appointed Chairs are:
Australian Motor Racing [...]

Australian Turntable have recentlybeen awarded a contract to design,manufacture and supply 5 x Customshowroom vehicle turntables for theBMW auto dealership in Umm Al Nar AbuDhabi.
Originally contacted by renowned MiddleEast Architects and Engineering Consultants-Diar Consult Abu Dhabi - AustralianTurntable’s ability to create visual showroommovement through advanced engineering design and precision engineering has resulted in this success.
Managing [...]

The FleetPlus Group launched in 2001, founded by four business partners who identified an opportunity to provide a vehicle leasing and management product, differentiated in the market place by exceptional customer service. The Group expanded two years later to include a specialised division focused on novated leasing, followed by a salary packaging business and their [...]