August 09, 2013

Toyota in talks with Australian Rudd government for $28 million car industry deal

" The Rudd government has committed $29 million to secure $123 million in investment by Toyota, including a 'major facelift vehicle' from 2015.....under the Toyota investment deal, the car maker will spend $108 million on its plant at Altona in Melbourne...the commonwealth will contribute $24 million, while the Victorian government will give an undisclosed amount. Toyota will also spend $10 million on supplier development, with the Commonwealth contributing $5 million" 

Source: Toyota gets $27.8 m govt deal 
By Mark Skulley and Gemma Daley
 Australian Financial Review 
Tuesday 6th August 2013, page 5

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