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Australian car industry subsidies will remain

According to "The Detroit News" reported that Australian Prime Minister Tony Abbott recently rejected a proposal to cut subsidies to the car industry, will continue to support the automotive industry.

Last November, because GM and Toyota plans to withdraw Australian production, the local government proposal to cut aid to the auto industry, but was opposed in the Senate for discussion. Recently, the government decided to subsidize the auto industry will continue to drive prices to exit the Australian market.

To the end of 2017, currently has a production capacity in Australia, Toyota, Ford and General Motors Holden brands will gradually withdraw from the country's market, which also means that the country's automotive industry will come to an end.

Data show that as of February 2013, the three major car companies and their suppliers employ a total of 50,370 employees in Australia, after the withdrawal of capacity to work these employees will be affected, and it is possible to push the unemployment rate up to 12 years highest level.