The Australian auto industry is warning of serious consequences after the federal government introduces legislation to slash A$900 million ($795.3 million) in subsidies for the country’s automotive-supply chain. Federal Chamber of Automotive Industry CEO Tony Weber says the move will hit the 45,000 workers directly employed and more than 100,000 workers indirectly employed in Australia’s automotive sector. The Automotive Transformation Scheme (ATS) is a legislated entitlement ...

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