17/11/2008 - Holden and Ford may be too poor to develop a green car in Australia, even with government help, as the global financial crisis threatens the survival of their Michigan-based parent companies, analysts say.
The Rudd government more than doubled its green car innovation fund this week to $1.3 billion, pledging to give car makers $1 for every $3 they spent on developing an environmentally-friendly vehicle.
But with General Motors and Ford on the verge of a crash, a veteran car industry watcher says Australia's motoring future may lie with little-known Chinese and Indian car companies.
Monday, November 17, 2008
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