Aquamarinejewel
Norm Smith Medallist
Having worked in the Motor Industry for some 20 years (have changed jobs now) I still chat with a lot of my ex workmates who are in the Motor Industry - things have looked pretty dim for awhile now and if you are considering buying a new vehicle now is the time to take the plunge. Cars prices have dropped dramatically so shop around and compare prices.
Here is an article out today about how the Federal Government has orchestrated a bailout plan in conjunction with the 4 major banks to help the car financiers.
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Car dealers get $2bn bailout
The Federal Government has struck a $ 2 billion deal with the country's 4 major banks to provide financing for car dealers, Treasurer Wayne Swan says.
A special purpose vehicle has been established to provide liquidity to car dealer financiers who have encountered financing difficulties as a result of the global financial crisis.
Read on - Financial Review
Here is an article out today about how the Federal Government has orchestrated a bailout plan in conjunction with the 4 major banks to help the car financiers.
--
Car dealers get $2bn bailout
The Federal Government has struck a $ 2 billion deal with the country's 4 major banks to provide financing for car dealers, Treasurer Wayne Swan says.
A special purpose vehicle has been established to provide liquidity to car dealer financiers who have encountered financing difficulties as a result of the global financial crisis.
Read on - Financial Review
