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AUSTRALIAN GOVT GIVES MITSUBISHI US$45.98 MLN AID PACKAGE.
AsiaPulse News, April, 2002
CANBERRA, April 26 Asia Pulse - Prime Minister John Howard said today that the $A85 million ($US45.98 million) government aid package for Mitsubishi Australia was not a bailout as a healthy car industry was in the national interest.
Mr Howard said Australia needed to decide whether it wanted some of the action of the world auto manufacturing business or allow Mitsubishi's Adelaide operation to scatter to the four winds.
"This is not a company that is failing," he said.
"The motor vehicle manufacturing industry is a world industry. We have to decide whether we want some of the action in Australia or whether we are to allow it to be scattered to the four winds and go elsewhere.
"I want a certain amount of the action in Australia."
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