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Rudd's going green

Discussion in 'Off Topic' started by Jacque, 11th Jun, 2008.

  1. Jacque

    Jacque Team InvestEd

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    TOYOTA will begin building a hybrid Camry at its Altona plant in Melbourne within 18 months, the car giant announced today.

    Toyota Australia hoped to make 10,000 of the fuel-efficient cars each year.

    The Federal Government had offered the company a $35 million subsidy from its Green Car Fund.

    Prime Minister Kevin Rudd, who was at Toyota's Japanese headquarters in Nagoya for the announcement, said it was an important moment for the Australian car industry.

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    See full article here- I think it's a great step forward and should entice the other car manufacturers to follow suit.
     
  2. crc_error

    crc_error The Rule of 72

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    If Rudd was serious about going green, he would not have screwed over the solar industry.
     
  3. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    I agree - and I'm not sure that spending money on a struggling car industry, using someone else's technology, is necessarily a smart move either.

    I think the money could be better spent on other projects and research areas.
     
  4. crc_error

    crc_error The Rule of 72

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    it could also be better spent on improving public transport.

    why should the australian tax payer give money to a private japan business?

    If the government wants to throw money at it, they should get some shares in return.