Timely Government Support Will Continue Advances In Innovation And Instill Confidence

With only four carmakers left producing in Australia, the government has devised a policy to highlight long-term opportunities and provide state support to the industry. In order to maximise the plan's chances of success, the four main areas of focus build on the industry's existing strengths. BMI believes the industry needs some form of support following the withdrawal of Mitsubishi Motors last year. We do not expect production to reach pre-2008 levels within our five-year forecast period, but a leaning towards innovation under the scheme already seems to fit with carmakers' plans and Toyota Motor has announced it will increase

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