Motorsports News

• Home
• Latest

• November 2018
• October 2018
• September 2018
• August 2018
• July 2018
• June 2018
• May 2018
• April 2018
• March 2018
• February 2018
• January 2018
• December 2017
• November 2017
• October 2017
• September 2017
• August 2017
• July 2017
• June 2017
• May 2017
• April 2017
• March 2017
• December 2016
• November 2016
• October 2016
• September 2016
• August 2016
• July 2016
• June 2016
• May 2016
• April 2016
• March 2016
• February 2016
• January 2016
• December 2015
• November 2015
• October 2015
• September 2015
• August 2015
• July 2015
• June 2015
• May 2015
• April 2015
• March 2015
• February 2015
• November 2014
• October 2014
• September 2014
• August 2014
• July 2014
• June 2014
• May 2014
• April 2014
• March 2014
• February 2014
• January 2014
• December 2013
• November 2013
• October 2013
• September 2013
• August 2013
• July 2013
• June 2013
• May 2013
• April 2013
• March 2013
• February 2013
• January 2013
• December 2012
• November 2012
• October 2012
• September 2012
• August 2012
• July 2012
• June 2012
• May 2012
• April 2012
• March 2012
• February 2012
• January 2012
• December 2011
• November 2011
• October 2011
• September 2011
• August 2011
• July 2011
• June 2011

Holden notes the Government’s Carbon Pricing announcement today which sets an initial carbon price of $23 a tonne.

Holden is currently assessing the impact of the scheme on its Australian manufacturing operations, however the Federal Chamber of Automotive Industries currently estimates the impact on the Australian local automotive industry as a whole will be at least $30 million a year1.

It should be noted that while Holden designs, engineers and manufactures vehicles in Australia for the domestic and overseas market, it does not fit the Government’s criteria as an ‘emissions-intensive, trade-exposed industry’ (EITE).

Consequently, Holden and many other major manufacturers will only be potentially eligible to apply for compensation to partly off-set the impact on Australian manufacturing under the Clean Technology Program.

Specifically Holden believes it will be able to apply for co-investment funding for its R&D and manufacturing initiatives to help reduce emissions and improve vehicle efficiency through the following:

Clean Technology Investment Program Investment Program
Clean Technologies Food and Foundries Investment Program
Clean Technology Innovation Program.

Holden supports the need to reduce its carbon footprint, and that of manufacturing in general, and believes these compensation measures are a step in the right direction.

However, it is important to understand how much competition there will be for funding from other manufacturing sectors. It is also critical to understand the extent to which the compensation package will address the competitive disadvantage imposed on local manufacturers who compete in a market where 85 per cent of new vehicle sales are imported models.

Over the coming days we will be reviewing the details of the scheme to better understand how the package will be implemented. In particular Holden will be discussing with the Government the issues affecting Australia’s ability to compete globally for foreign investment.

See the original post...

Copyright © All Vic Pty. Ltd. 2007-2024

Home | Features | Records | Online Store | Media | Careers | Contact Us