Aust car industry denies warning report

CANBERRA: The car manufacturing industry has strongly denied that it has warned the federal government the viability of three companies is in doubt.
An article in The Australian newspaper said Toyota, Mitsubishi and GM Holden had warned the government last month that head offices in Tokyo and Detroit were under financial pressure and were reluctant to commit more investment into Australia.
The article, citing a confidential submission from the department of prime minister and cabinet, said the carmakers feared worsening conditions under a Rudd Labor government, due to pattern wage bargaining and union militancy.
But the federal chamber of automotive industries (FCAI) has denied saying the future of their industry is in trouble. – AAP
The newspaper said the document warned the “stressed global parents” of the manufacturers could oversee the exit of Mitsubishi from Adelaide with serious questions marking Ford operations in Geelong and Broadmeadows.