Bailout ‘good news’ for car buyers

November 11th, 2008 by Mark Griffin | Filed under Motoring.

AN auto industry bailout plan worth $6bn has been welcomed as the possible saviour of thousands of jobs as well as good news for car buyers.

Prime Minister Kevin Rudd announced a $3.4 billion lifeline for the industry today, doubling federal assistance to more than $6 billion over the next decade and a half.

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