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Australia still has future in car-making: VACC

Optimism: The VACC believes Australia could become a hub for low-volume, hi-tech vehicles but must act within the next decade while there is still a wealth of expertise and skill available.

VACC upbeat in light of federal aid as MtM highlights costs to enter new markets

General News logo9 May 2017

By IAN PORTER

- 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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