Australia still has future in car-making: VACC

- The $100 million federal assistance package for advanced manufacturing announced this week has prompted the Victorian Automobile Chamber of Commerce (VACC) to predict that Australia could become a hub for low-volume, hi-tech vehicles.

- The new funding was also welcomed by a long-established parts-maker MtM Automotive, which has recently won six new contracts in China for its door checks, but chief executive Mark Albert stressed that entering new markets costs as much as developing new products.

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