HOLDEN INVESTMENT ANNOUNCEMENT

Labor welcomes today’s announcement by General Motors that it will increase its design and engineering staff at Port Melbourne by 150.
 
This investment is a significant commitment to Australia and recognises that Australia is still a world leader when it comes to automotive design and engineering.      

Despite the Liberal Government attempt to kill Australia’s automotive industry, the industry has proved to be incredibly resilient.
 
After 70 years of production in Australia, Holden is keen to rebuild. General Motors’ commitment of $120 million by General Motors means that nearly 330 people will be working for Holden at the Port Melbourne site. 
 
Until motor vehicle production ceased last year, Australia was one of only 13 countries that had the capabilities to deliver a vehicle from the initial concept on an engineer’s computer screen to the final product on the showroom floor.  

Preserving these capabilities is one reason why the Senate Inquiry into the future of the automotive industry recommended a greater focus on automotive-related engineering and design programs.

But the Turnbull Government has ignored these calls. 
Unlike the Liberals, Labor understands that advanced manufacturing has a bright future in Australia.
 
We have the skilled people and we have the innovative businesses – we just need a government willing to back them.
 
This is why a Shorten Labor Government will create a $1 billion Advanced Manufacturing Future Fund to support innovative Australian manufacturing firms – including automotive suppliers – that want to grow their businesses and create jobs, but find it difficult to obtain private sources of finance.
 
All the Liberals do is send jobs offshore. Labor has a plan to bring them back.
 
TUESDAY, 21 AUGUST 2018


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