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| The Pub For General Automotive Related Talk |
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06-02-2008, 06:41 PM
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Formally Kia Chaser
Join Date: May 2005
Location: Newcastle
Posts: 2,493
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http://www.caradvice.com.au/10059/fo...ocus-over-20m/
Labor is planning to withdraw some $20 million of a grant promised to Ford Australia by the former Howard government which could now jeopardise plans to build an new four-cylinder engine line (for the coming Focus range) at its Broadmeadows plant. The grant of some $52.5 million for special assistance was announced in May 2006, and which Ford has already received about $32.5 million. But the remaining $20 million was not due to be paid until late 2009. The money was intended to help start production on the new Falcon project (known as ‘E8′ - the V6 powered 2010 model) but Ford sought to alter the agreement so the money could be spent on developing the four-cylinder Focus. Production of the Focus, Ford’s first locally-made small car in a decade, is due to start at Broadmeadows in 2011, creating 300 jobs, but the new contract between Ford and the Government was not formally amended before the November federal election, creating a loop-hole for the Rudd Government to now withdraw the funding. Ford now has legal grounds to sue (breach of faith) which has been backed by the Australian Government Solicitor.
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Kia Grand Carnival (2006) Silver, Grill Mesh, Tints, Sidesteps (with lights), Towbar, 7" Touch Screen DVD Tuner with intergrated GPS & Bluetooth, Roof Mounted Flip Down 15.1" LCD Screen, Reverse Camera - 184Kw HSV Clubsport R8 VY (2003) Black, 6sp Manual, Coulson Seats, Red on black interior, Pacemaker extractors, Twin 2.5" exhaust, Custom Red 20" VE GTS Rims, Custom Red Stitching
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06-02-2008, 07:30 PM
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Clevo Mafia Inc.
 
Join Date: Dec 2004
Location: Melbourne
Posts: 10,496
 
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Government to pull funding for OZ Focus
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